Corporate Law : A comprehensive roundup of the latest ED and CBI investigations covering money laundering, corruption, builder-bank nexus, and fin...
Corporate Law : The Court examined whether a predicate FIR is necessary before the ED can act under the PMLA. It held that inquiry proceedings and...
Corporate Law : The report highlights major investigations by CBI, ED, DRI, SFIO, and NIA into NEET paper leaks, bank frauds, betting apps, and te...
Corporate Law : Explains why statements recorded during investigative summons carry evidentiary value and how careful handling can prevent escalat...
Corporate Law : Madras High Court rules ED needs a predicate offense to investigate, preventing arbitrary action and emphasizing adherence to juri...
Corporate Law : Authorities found Dubai property acquisitions by Indian residents routed through hawala, leading to action for violations of FEMA ...
Corporate Law : ED arrests two Chinese nationals for exploiting borrowers through digital loan apps, charging high rates, and extorting money usin...
Corporate Law : Bombay High Court directs Enforcement Directorate to regulate statement recording hours under PMLA, emphasizing same-day examinati...
Corporate Law : ED has frozen ₹6.04 crore linked to the fraudulent TradingFX app, which operated as a Ponzi scheme. Ongoing investigations are u...
Finance : Enforcement Directorate's crackdown on illegal forex trading in Ahmedabad leads to seizures worth ₹242.39 Cr. Two arrests made, ...
Corporate Law : Karnataka HC refused to quash IPC and ED proceedings, holding that disputed facts require trial and Section 482 CrPC cannot be use...
Corporate Law : Kerala HC held that it could not direct parallel investigations when the same FIR was already under consideration before the Karna...
Corporate Law : The Calcutta High Court directed the Enforcement Directorate to question the petitioner in Kolkata instead of Delhi. The Court hel...
Fema / RBI : The Appellate Tribunal under SAFEMA held that attachment under PMLA cannot stand without evidence showing flow of tainted funds. T...
Corporate Law : The Court considered a request to permit limited operation of a frozen account for salary payments. It deferred interim relief and...
Corporate Law : Enforcement Directorate issues directive on summoning legal practitioners, emphasizing compliance with Section 132 of the Bharatiy...
Enforcement Directorate Vs Arijit Chakrabarti (Calcutta High Court) Section 41D of the Code of Criminal Procedure was inserted in the statute by Amending Act 5 of 2009 with effect from 1st November, 2010. The purpose and object of introduction of Section 41D of the Cr. P. C. is to ensure fundamental right of a citizen […]
A conjoint reading of sub Section (1) (b) & (2) of Section 50 of Prevention of Money-Laundering Act, 2002 makes it abundantly clear that it is wide enough to authorize and empower Director or Additional Director to issue a summons to a person.
Syed Adeel Shah Vs Directorate of Enforcement (Jammu and Kashmir High Court) It appears that in an earlier round of litigation wherein the appellants had challenged the notice issued by the respondents under Section 8(4) of the PMLA Act, learned writ court had declined to grant indulgence in favour of the appellants and the writ […]
It is alleged that rather than exporting gold jewellery in terms of the obligation, the jewellery was diverted in the domestic market and in the process the offences were committed by the appellant.
Jharkhand High Court held that bail granted as the petitioner was held to be not at flight risk and also there was no possibility of tampering the evidence or influencing/ intimidating the witness.
Punjab and Haryana High Court held that bail granted as co-morbodities of the petitioner falls in the exception of being sick as carved out in Section 45 of the Prevention of Money Laundering Act, 2002.
Delhi High Court held that High Court had disposed of the Letters Patent Appeal as the Appellate Tribunal was not functional, however order was passed when the Appellate Tribunal became functional. Accordingly the order passed in LPA will not come in the way of the parties as an equally efficacious alternative remedy available before the Appellate Tribunal.
Assistant Director Directorate of Enforcement Vs Kamal Ahsan & Anr. (Supreme Court of India) In the peculiar facts and circumstance of the case and taking into consideration the fact that the respondent is suffering from Malignancy and Cancer and thereafter when he has been released on bail, the same is not required to be interfered […]
Petitioner is a Chartered Accountant by profession and after passing the examination, he became eligible to be appointed as an Insolvency Professional by the Committee of Creditors under Section 3(19) of IBC, 2016 for handling the companies under liquidation.
ED has provisionally attached immovable property valued at Rs.7.33 Crore under the provisions of the PMLA, 2002 relating to the disproportionate assets case registered against Shri Andasu Ravinder, Additional Director of Income Tax who was compulsorily retired from service. Directorate of Enforcement (ED) has provisionally attached immovable property valued at Rs.7.33 Crore under the provisions […]
