Benami entities

Rs. 136 Crore Poppy Seeds Import Case
Case BriefsHigh Courts

“To permit prosecution to proceed on the fragile footing of shared addresses and commercial proximity would amount to endorsing a standard of liability alien to criminal jurisprudence. Such an approach would not only be legally impermissible but would also have a chilling effect on legitimate business arrangements operating within shared commercial spaces.”

Karvy Consultant 2005 IPO Scam
Case BriefsTribunals/Commissions/Regulatory Bodies

“A professional group like Karvy cannot abdicate its responsibility to ensure genuine transactions. The failure to exercise due diligence with respect to the work facilitated the key operators to earn huge profits out of the mala fide allotment of shares of the two entities i.e., Yes Bank Ltd. and IDFC in their IPO subscription.”