Company & PMLA
PMLA | Fraudulent Transfers From Crypto Wallet Of American Citizen; Delhi High Court Grants BailÂ
The Delhi High Court has granted the bail to the accused of fraudulent transfers from crypto wallet charged under Section 45 of the Prevention...
Patanjali’s Liabilities Under VAT/GST Act Extinguished After RP Approval By NCLT: Andhra Pradesh High Court
The Andhra Pradesh High Court, Amravati Bench has held that Patanjali’s liabilities under VAT/GST Act stands extinguished after the approval of Resolution Plan (RP).
The...
PMLA | FIR Quashing Doesn’t Warrant Automatic Quashing Of ECIR: Madras High Court
The Madras High Court has held that First Information Report (FIR) quashing does not warrant automatic quashing of the Enforcement Case Information Report (ECIR)...
Statements Recorded Under PMLA Deemed To Be Judicial Proceedings: Supreme Court
The Supreme Court has held that the statements recorded under Prevention of Money Laundering Act, 2002 (PMLA) during the inquiry are deemed to be...
PMLA | Delhi High Court Quashes Look-Out-Circular Restricting Sobha’ MD Jagadish Nangineni To Travel Abroad
The Delhi High Court has quashed the look-out-circular restricting Sobha’s Managing Director Jagadish Nangineni to travel abroad on the grounds that he was allegedly...
Borrower’s Default To Bank Not Detrimental To Country’s Economic Interest: Calcutta High Court
The Calcutta High Court has held that the economic interest of the country cannot be read synonymously with the financial health of a bank...
Delhi High Court Quashes Order Cancelling Registration Certificate Of NBFC By RBI For Non-Maintenance Of NOF
The bench of Justice Dharmesh Sharma while quashing the order passed by the RBI remitted the matter back to the RBI for fresh consideration,...
Writ Petition Challenging SARFAESI Proceedings Not Maintainable Against NBFC: Delhi High Court
The Delhi High Court has ruled that writ petition challenging Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI)...