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Shell Firms Used to Divert Funds, Section 45 PMLA Bars Relief: Calcutta HC Denies Bail in ₹11.6 Crore Loan Scam [Read Order]

In a recent ruling Calutta High Court has refused bail in connection with the alleged ₹11.6 crore loan scam, stressing that funds were funnelled...

Calcutta HC Overturns Single Judge’s Quash of ED’s ₹2.86 Crore Property Attachment; Says Tribunal...

Supreme Court & High Courts Weekly Round-Up

Former Director Cannot be Forced to Represent Company in PMLA Case: Calcutta HC [Read Order]

Income Tax Officer in ED Net: ₹31.7L Assets from Unexplained Cash Deposits Provisionally Attached...

Crypto Wallets under ED Radar: PMLA Probe Reveals ₹4.81 Cr USDT Routed via CoinDCX through Non-KYC Accounts

The Hyderabad Zonal Office of the Directorate of Enforcement has provisionally attached bank balances totalling ₹8.46 crore spread across 92 bank accounts, including that of CoinDCX and several...

Supreme Court Grants 2 Weeks to File Additional Documents in SLP regarding Proceedings under PMLA [Read Judgement]

The Supreme Court of India granted two weeks time to file additional documents regarding a Special Leave Petition(SLP) which arises from the order passed on October 9, 2023, by the Karnataka High ...

Finance Ministry Allows Aadhaar-Based Verification for Central KYC [Read Notification]

The Ministry of Finance (Department of Financial Services) has issued Notification No. S.O. 5034(E) dated November 6, 2025, allowing the Central Registry of Securitisation Asset Reconstruction and ...

NCLT Waives One-Tenth Shareholding Mandate, Allows Former ICEX Promoters to Maintain Oppression & Mismanagement Case [Read Order]

The Ahmedabad Bench of the National Company Law Tribunal (NCLT) recently waived the statutory one-tenth shareholding requirement under Section 244(1)(a) of the Companies Act, 2013, permitting...

Reliance Comm. Bank Fraud: ED Seizes ₹4,462 Crore Dhirubhai Ambani Knowledge City Land

The Enforcement Directorate (ED) has provisionally attached over 132 acres of land belonging to the Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, Maharashtra, valued at more than ₹4,462...

Chhattisgarh HC dismisses Chaitanya Baghel's Plea against ED Arrest in Money Laundering Case [Read Order]

The Chhattisgarh High Court has dismissed the petition filed by Chaitanya Baghel, son of former Chhattisgarh Chief Minister Bhupesh Baghel, challenging his arrest by the Enforcement Directorate (ED)...

Fraudulent Availment and Passing of Fake ITC Undermines Sanctity of GST: Jharkhand HC Denies Bail to Accused in ₹750 Crore GST Scam [Read Order]

The Jharkhand High Court has refused to grant bail to, accused of being part of a massive ₹750 crore fake Input Tax Credit (ITC) racket, holding that such fraudulent activities erode the integrity...