Case Law Details
Nayati Healthcare And Research NCR Pvt. Ltd. And Ors. Vs Union of India Ministry of Home Affairs (Delhi High Court)
Introduction: The Delhi High Court recently ruled on the petition filed by Nayati Healthcare and Research NCR Pvt. Ltd. and others against the Directorate of Enforcement (ED). The petition sought to quash the ED’s complaint under the Prevention of Money Laundering Act, 2002 (PMLA). This article delves into the key aspects of the case and the court’s decision.
Detailed Analysis:
1. Background: The ED had filed a complaint based on an FIR lodged by the Economic Offences Wing, New Delhi, alleging embezzlement and misappropriation of a loan disbursed by Yes Bank. The FIR covered various offenses under the Indian Penal Code.
2. Settlement and Quashing of FIR: The matter was later settled amicably between the petitioners and the complainant, resulting in the quashing of the FIR by the Coordinate Bench. The No Dues Certificate issued by Yes Bank confirmed the settlement.
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