[ad_1] A person who receives money either as advance for a land transaction or loan from a money launderer, without knowing that it is tainted money, cannot be hauled up under the Prevention of Money Laundering Act (PMLA), the Madras high court has said.“If the provisions of PMLA is so...
Delhi High Court seeks ED’s stand on Preeti Chandra’s bail plea in money-laundering case, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Delhi High Court sought the Enforcement Directorate's (ED) stand on Wednesday on a bail plea moved by Unitech promoter Sanjay Chandra's wife, Preeti Chandra, in a money-laundering case. Justice Jasmeet Singh issued a notice to the federal investigating agency and asked it to file its status report. The...
Supreme Court to decide if PMLA overrides IBC, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Supreme Court is expected to soon decide on whether the Prevention of Money Laundering Act (PMLA) overrides the Insolvency and Bankruptcy Code (IBC). The apex court will also provide its views on whether moratorium also applies to action initiated by the Enforcement Directorate (ED).Taking up an appeal filed...
Supreme Court to decide if PMLA overrides IBC, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Supreme Court is expected to soon decide on whether the Prevention of Money Laundering Act (PMLA) overrides the Insolvency and Bankruptcy Code (IBC). The apex court will also provide its views on whether moratorium also applies to action initiated by the Enforcement Directorate (ED).Taking up an appeal filed...
ED to HC, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Enforcement Directorate on Tuesday contended in the Delhi High Court that former AAP leader Tahir Hussain was part of a conspiracy to fund the 2020 Delhi riots by using proceeds of crime. The ED's submissions were made while opposing a plea by Hussain challenging the framing of charges...
51 former and sitting MPs face trial under PMLA, SC told, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi, Fifty-one former and sitting parliamentarians face Prevention of Money Laundering Act cases lodged by the Enforcement Directorate, the Supreme Court has been informed. However, the report does not mention how many of the 51 are sitting and former members of parliament (MPs). A report submitted before the...
SC to hear after 2 weeks CBI plea against allowing Nirav Modi’s brother-in-law to travel abroad, Legal News, ET LegalWorld – Legal Firms
[ad_1] New Delhi, The Supreme Court on Monday decided to hear after two weeks the CBI's plea against a Bombay High Court order allowing Mainak Mehta, the brother-in-law of fugitive diamantaire Nirav Modi who is an accused in the Punjab National Bank (PNB) fraud case, to travel abroad. Earlier, a...
Madras HC rejects plea to return seized goods, Legal News, ET LegalWorld – Legal Firms
[ad_1] CHENNAI: Citing lack of jurisdiction, Madras high court has rejected a plea moved by an accused in the Chinese visa scam, involving Sivaganga MP Karti P Chidambaram, seeking to direct Enforcement Directorate (ED) to return materials seized from his Chennai residence.A division bench of Justice P N Prakash and...
SC asks Nirav Modi’s brother-in-law to seek statements of accounts probed by CBI from banks, Legal News, ET LegalWorld – Legal Firms
[ad_1] The Supreme Court on Monday asked Mainak Mehta, the brother-in-law of fugitive diamantaire Nirav Modi who is an accused in the Punjab National Bank (PNB) fraud case, to write to the banks where his accounts have been probed by the CBI and seek the statements of transactions. Mehta told...
Madras HC refuses to quash FIRs against Tamil Nadu minister V Senthil Balaji, Legal News, ET LegalWorld – Legal Firms
[ad_1] CHENNAI: In a setback to state electricity and prohibition minister V Senthil Balaji the Madras high court has refused to quash cases registered against him in connection with a job racketing case. It, however, nullified earlier probe done into the complaints registered during the previous AIADMK regime, and, instead,...