India: Criminal Law

The intersection of India's Insolvency and Bankruptcy Code and the Prevention of Money Laundering Act has created complex legal tensions in corporate fraud cases.

In N.G. Dev v. State (NCT of Delhi) & Ors., 2026:DHC:3265, the Delhi High Court reiterated that allegations involving large cash transactions cannot be sustained merely on assertions of trust, friendship, or oral understanding and must be supported by cogent and credible evidence.

The Hon'ble Supreme Court has recently on 7th April 2026 clarified the scope of procedural safeguards available to borrowers before their accounts are classified as "fraud" under the Reserve Bank of India (Frauds Classification and Reporting by Commercial Banks and Select FIs) Directions, 2016 ("Master Directions, 2016") and Reserve Bank of India (Fraud Risk Management in Commercial Banks and All India Financial Institutions Directions, 2024 ("Master Directions, 2024").

Section 105 of BNS renders every compliance manual immediately irrelevant. Device seizure signals a criminal investigation, not a regulatory inquiry. The Board’s paperwork does not address...

The MCA Data across the last 5 financial years consistently shows that approximately 28,000 criminal prosecutions under the Companies Act, 2013 remain pending at the end...

Despite the tightening of legal and regulatory obligations and the implementation of a robust corporate governance framework, corporate frauds continue to occur.

The Supreme Court of India in Vaibhav Singh v. State of Uttar Pradesh has once again drawn attention to a recurring and deeply concerning issue within the criminal justice system...

Progress within any society shows most clearly through how far women have advanced - this idea, voiced by Dr. B.R. Ambedkar, reflects a core principle embedded in India's founding document.

The Supreme Court of India (“Supreme Court”) in Sujoy Ghosh vs. State of Jharkhand and Anr.1, delivered a significant ruling reiterating that where quashing of criminal proceedings is sought on the ground that the complaint is frivolous, vexatious, or malicious, the court is not confined to the bare averments in the complaint/First Information Report (“FIR”). It may examine the attendant circumstances and materials on record (including undisclosed or exculpatory material) to determine whether a prima facie offence is genuinely made out or whether the proceedings amount to an abuse of process.