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...
PMLA Twin Condition Inapplicable On Woman Arrested 9 Years After Alleged Transactions: Delhi HC
The Delhi High Court holds prolonged custody unjustified where the accused was never charge-sheeted in predicate offence, twin conditions under Prevention of Money Laundering...
MCA21 Portal Glitch Continues: Professionals Spend Sleepless Nights
Technical disruptions on the Ministry of Corporate Affairs’ MCA21 portal continue unabated, severely impacting time-bound statutory filings across categories—far beyond annual compliance requirements. Despite...
PMLA | No “Necessity of Arrest” After 9 Years in Money Laundering Probe: Delhi HC
The Delhi High Court has held that there is no “Necessity of Arrest” after nine years in a money laundering probe in absence of...
‘Dunki’ Route Human Smuggling Network: ED Seizes Rs.19.13 Crore Assets in Fresh Raids
The Enforcement Directorate (ED) has seized cash and precious metals worth over ₹19 crore during fresh searches conducted as part of an ongoing money...
Statutory Tax Dues For Pre-CIRP Period Stand Extinguished Once Resolution Plan Is Approved Under IBC: Delhi HC
The Delhi High Court has held that statutory dues for pre-CIRP period stand extinguished once resolution plan is approved under Insolvency and Bankruptcy Code...
DRT Lacks Jurisdiction in Personal Guarantor Insolvency Once CIRP Is Pending; Bombay HC Orders Transfer to NCLT
The Bombay High Court has held that once insolvency proceedings against a corporate debtor are pending before the National Company Law Tribunal (NCLT), any...
Jharkhand HC Upholds Orders Rejecting Discharge, Allows Trial to Proceed in Illegal Mining Money-Laundering Case
The Jharkhand High Court has upheld two orders of a Special PMLA Court refusing to discharge an accused and framing charges against him in...
Corporate Debtor’s ‘Cash Payment’ Defence Termed Contrived and Unsupported: NCLAT Upholds Insolvency Admission
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed an appeal filed by former director Yusuf Malubhaiwala challenging the admission...
ED Files Supplementary Prosecution Complaint in Alleged Reliance Power Fake Bank Guarantee Case
The Enforcement Directorate (ED) has filed a supplementary prosecution complaint in the ongoing investigation related to alleged fake bank guarantees submitted by Anil Ambani–led...
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