![[Valmiki Corp case] "Can a River Rise Above Its Source?": Karnataka High Court refuses to transfer probe to CBI](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/11/hckblr.png?resize=447%2C260&ssl=1)
Today, on Nov 13th, the Karnataka High Court dismissed Union Bank’s request to transfer the Valmiki Corporation financial scam investigation to the CBI, affirming that state police have statutory authority. Justice Nagaprasanna emphasized that only the Supreme Court can resolve jurisdictional disputes and clarified that Section 35A of the Banking Regulation Act does not mandate a CBI inquiry, reinforcing state autonomy.
