New Delhi, Jan. 7 -- The Supreme Court on Tuesday set aside a 2019 judgment of the Delhi high court that had mandated the registration of separate first information reports (FIRs) for each investor or depositor allegedly cheated in large-scale economic offences such as Ponzi schemes and mass homebuyer frauds.

A bench of justices Sanjay Kumar and Alok Aradhe held that the manner in which criminal law is set into motion cannot be governed by a rigid or inflexible rule, and that whether multiple FIRs are required, or a single consolidated FIR would suffice, must depend on the facts of each case.

Overturning the July 8, 2019 ruling in 'State vs Khimji Bhai Jadeja', the apex court clarified that there can be no blanket proposition that multi...