Srinagar, May 15 -- Srinagar- The High Court of Jammu & Kashmir and Ladakh has refused to quash an Anti-Corruption Bureau (ACB) FIR registered in connection with the controversial J&K Bank-IFFCO Tokio insurance deal, observing that the allegations disclose cognizable offences requiring deeper investigation.

Justice Sanjay Dhar passed the judgment while hearing CRM(M) No. 265/2024 titled Pushap Kumar Tickoo & Ors Vs UT of J&K & Ors. Senior Additional Advocate General Mohsin S. Qadri appeared on behalf of the ACB.

The court held that the role of the petitioners, who were members of the evaluation committee constituted by Jammu & Kashmir Bank for selecting an insurance partner, still requires detailed investigation by the agency.

Accordin...