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SC refuses to quash FIR against Kotak Mahindra & its directors
New Delhi: The Supreme Court has refused to quash an FIR against Kotak Mahindra Bank and its nine top executives in a case relating to alleged criminal conspiracy to cheat a liqour manufacturer on the pretext of settling debts. However, the apex court also said "no coercive measures" will be taken against the executives till eight weeks' time during which they can seek bail from the concerned court.
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