GTL Limited has informed the Exchange about disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Intimation of Judgement of Hon'ble Bombay High Court - Quashing FIR
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The Bombay High Court has allowed GTL Limited's writ petition and quashed the CBI FIR (RC2192023E0003) that was registered against the company on January 21, 2023. The court held that no offence is made out that would warrant continuation of the investigation. The judgment was dated February 27, 2026, and uploaded on the court's website on February 28, 2026. The company has stated there are no financial implications and no penalty, restriction, or sanction has been imposed. This is a significant legal win for GTL Limited, clearing a three-year-old CBI investigation cloud.
Positive for shareholders — the quashing of the CBI FIR removes a long-standing legal overhang on the company. No financial liability or penalty has been imposed, which should ease investor concerns about the investigation.