Madhya Pradesh HC dismisses petition against Supplementary Prosecution complaint filed by ED against director of Zoom developers [Read Order]
In a recent case, the Madhya Pradesh High Court dismissed a petition against a supplementary prosecution complaint filed by the Enforcement...
S. 50 PMLA not to be Invoked against Unsuspecting Citizens: Delhi Court reprimands ED, calls act "High-Handed"
The Delhi Rouse Avenue Court criticized the Enforcement Directorate ( ED ) for its conduct, emphasizing that as an investigative body, it must abide by legal principles and avoid appearing...
Fees Paid to Liquidator to be Paid under Regulation 4(2)(b) of Liquidation Process Regulations on Realization and Distribution of Proceeds from Auction of Assets: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that the fees paid to Liquidator to be paid under Regulation 4(2)(b) of the Insolvency and Bankruptcy Board of...
![Fees Paid to Liquidator to be Paid under Regulation 4(2)(b) of Liquidation Process Regulations on Realization and Distribution of Proceeds from Auction of Assets: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/NCLAT-Liquidation-Process-Liquidator-fees-Auction-of-Assets-TAXSCAN.jpg "Fees Paid to Liquidator to be Paid under Regulation 4(2)(b) of Liquidation Process Regulations on Realization and Distribution of Proceeds from Auction of Assets: NCLAT [Read Order]")
Kerala HC directs Highrich Directors to File Application for Transfer of Property Frozen u/s 17(1A) of PMLA [Read Order]
The Kerala High Court directed the directors of Highrich Private Limited to file application for transfer of property frozen under Section 17(1A) of the Prevention of Money- laundering Act, 2002...
Curbing Corruption or Crushing Opposition? Modi Govt faces Huge Misuse Allegations of CBI/ED amidst Election Heat
The Enforcement Directorate (ED) has made yet another arrest of one of Modi Govt’s critics on last Thursday, just a month before India holds a national election. Earlier on March 22, the Delhi...
Parabolic Drugs Bank Fraud Case: ED attaches Properties of CA and Others worth Rs. 82.12 Cr under PMLA [Read Order]
The Enforcement Directorate (ED) in Chandigarh has attached immovable and movable assets to the extent of Rs. 82.12 Crores in the ongoing bank fraud case involving Parabolic Drugs Limited, involving...
ED Summons cannot be quashed Merely as Documents required for Probe not Specified under PMLA: Delhi HC [Read Order]
In a major ruling, the Delhi High Court observed that the Enforcement Directorate ( ED ) summons cannot be quashed merely as documents required for the probe is not specified. The Petitioner is...
Charges against Company Must Pass through Provisional Liquidator not through Resigned Chairman: Delhi HC [Read Order]
The Delhi High Court determined that the representation of the company in the case must be undertaken by the Provisional Liquidator rather than the former chairman who had resigned. However, the...
