Bengaluru Court Orders FIR against Finance Minister Nirmala Sitharaman Over Alleged Extortion Linked to Poll Bonds
A Bengaluru Special Court has directed the filing of an FIR against Union Finance Minister Nirmala Sitharaman over serious allegations of extortion...
No Proceedings under PMLA Sustains after Acquittal in Predicate Offence: Delhi High Court upholds Release of Attached Properties [Read Order]
The Delhi High Court has ruled that proceedings or prosecution under the Prevention of Money Laundering Act ( PMLA ) cannot be sustained if the accused has been acquitted in the predicate offence....
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...
