Allowing an appeal in Sunil Bharti Mittal v Central Bureau of Investigation, the Supreme Court has held that “when the company is the offender, vicarious liability of senior officers of the company cannot be imputed automatically, in the absence of any statutory provisions to this effect”.
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The dispute digest is compiled by Bhasin & Co, Advocates, a corporate law firm based in New Delhi. The authors can be contacted at lbhasin@bhasinco.in or lbhasin@gmail.com. Readers should not act on the basis of this information without seeking professional legal advice.