Extension granted as referring documents, collecting information and preparing reply like to take more time

Karvy Realty India Ltd. Vs The Adjudicating Authority (Telangana High Court)

Telangana High Court granted two months time for submission of reply to the show cause notice. Further, stated that extended period of two months will be excluded for the purpose of computing period of 180 days under Section 5(3) of the Prevention of Money Laundering Act, 2002.

Facts- This writ petition is filed to issue a direction to 1st respondent to grant extension of time to the petitioners to prepare a reply to the show

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