PMLA Provisional Attachment Lapses After 180 Days; COVID Limitation Orders Don’t Apply: Bombay HC
The Bombay High Court has held that a provisional attachment order (PAO) issued under Section 5 of the Prevention of Money Laundering Act, 2002...
Discharge Impermissible Where Charge-Sheet Raises Grave Suspicion in PMLA Proceedings: Gujarat High Court
The Gujarat High Court has held that the discharge impermissible where charge-sheet raises grave suspicion in proceedings under Prevention of Money Laundering Act, 2002...
Filing of Prosecution Complaint Within 60 Days Defeats Default Bail Claim Under PMLA: Karnataka HC
The Karnataka High Court has held that the filing of prosecution complaint within 60 days defeats default bail claim under Prevention of Money Laundering...
PMLA Attachment, Confiscation Are Preventive, Not Defeated by Pre-Amendment Offences: Calcutta High Court
The Calcutta High Court has held that proceedings under the Prevention of Money Laundering Act may continue even where the alleged predicate offence was...
Supreme Court to Decide Whether Enforcement Directorate Can Approach High Courts Under Article 226
The Supreme Court is set to examine a significant constitutional question—whether the Enforcement Directorate (ED) qualifies as a juristic entity empowered to invoke the...
Rajasthan High Court Quashes Mass Disqualification of Directors, Orders Reactivation of DINs
The Rajasthan High Court has set aside orders passed by the Registrar of Companies (RoC) disqualifying directors under Section 164(2)(a) of the Companies Act,...
RoC Slaps Rs. 3.5 Lakh Penalty for Failure to Maintain Audit Trail in Accounting Software
The Registrar of Companies (RoC), Ahmedabad, has imposed a cumulative penalty of ₹3.5 lakh on a company and its promoter for failing to maintain...
PMLA | Unjustified Arrest, Prolonged Pre-Trial Incarceration Without Recovery: Chhattisgarh HC Grants Bail in Custom Rice Milling Scam Case
The Chhattisgarh High Court has granted regular bail in a high-profile economic offence case arising out of the alleged custom rice milling scam, holding...
CA Certificate Alone Can’t Cure Failure to Upload LoAs/WCCs in Institutional Sales Bids: Delhi High Court
The Delhi High court has held that the CA certificate alone cannot cure failure to upload Letters of Acceptance (LoA) or Work Completion Certificates...
NCLAT Initiates Suo Motu Contempt Proceedings Against Resolution Professional for Alleged Defiance of Interim Stay
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) commenced suo motu contempt proceedings against a resolution professional, observing that he had...
Promoter’s Fund-Infusion Undertaking Is Not a Corporate Guarantee Under Contract Law: Supreme Court
The Supreme Court has held that a promoter’s undertaking to infuse funds into a borrower company to meet financial covenants does not amount to...
Banks Can’t Freeze Company Accounts Over Internal Management Disputes Without Court Order: Calcutta HC
The Calcutta High Court has held that banks cannot freeze company accounts over internal management disputes without court order.The Bench of Justice Sabyasachi Bhattacharyya...
Madras High Court Declines to Entertain Minister I Periyasamy’s Plea Against ED ECIR, Directs Recourse to Adjudicating Authority
The Madras High Court has refused to entertain a writ petition filed by Tamil Nadu Minister for Rural Development, I. Periyasamy, along with his...
ED Seizes Luxury Cars, Freezes Assets in Multi-City Crackdown on Online Betting Syndicate Allegedly Linked to YouTuber Anurag Dwivedi
The Enforcement Directorate’s (ED) Kolkata Zonal Office has intensified its crackdown on illegal online betting networks, carrying out coordinated searches across five major Indian...
ED Alleges Rs. 10-Crore CLU Bribery Racket; Gujarat IAS Officer Rajendrakumar Patel Sent to Custody Till Jan 7
The Enforcement Directorate (ED) has accused Gujarat cadre IAS officer and former Surendranagar District Collector Rajendrakumar Patel of running a large-scale bribery operation linked...
Chhattisgarh HC Pulls Up EOW for ‘Evergreening’ Custody After Investigation Completion
The Chhattisgarh High Court has pulled up the Economic Offences Wing (EOW) for ‘evergreening’ custody after investigation completion.The bench of Justice Arvind Kumar Verma...
Rs. 6,200-Crore Banking Fraud Exposed: ED Uncovers Massive Shell Company Network, Loan Manipulation
The Enforcement Directorate (ED) has unearthed one of the most elaborate banking frauds in recent years, involving alleged diversion and laundering of over Rs....
No Shield of CrPC S. 197 Sanction for Corruption: Jharkhand HC Upholds PMLA Cognizance Against Ex-IAS Officer
The Jharkhand High Court has dismissed the writ petition filed by Pooja Singhal, a former Deputy Commissioner of Khunti, seeking quashing of the cognizance...
Rule 3A(4) Bars PMLA Restoration Order Without Giving An Opportunity Of Hearing To Property Owner: Delhi High Court
The Delhi High Court has held that Rule 3A(4) of the Prevention of Money Laundering Act (PMLA) explicitly bars restoration order without giving an...
Money Laundering Case Not Maintainable Once Predicate FIRs Are Closed: Calcutta High Court
The Calcutta High Court has held that proceedings under Prevention of Money Laundering Act cannot independently survive when the First Information Reports (FIRs) forming...
Category