Karnataka High Court Dismisses JSW Steel's Plea Over PMLA Attachment Linked To Alleged Illegal Iron Ore Transactions

The Karnataka High Court has dismissed JSW Steel's challenge to a PMLA Appellate Tribunal order concerning the attachment of its bank accounts totalling ₹24.37 crore over alleged proceeds from illegally mined iron ore supplied to the company.The Court held that JSW had been permitted to raise all factual and legal submissions before the Tribunal and therefore its grievance that the matter should have been remanded was untenable.A division bench of Justices D.K. Singh and T.M. Nadaf said...

Delhi High Court Sets Up Ex-CJI Sanjiv Khanna-Led Panel To Verify 1,650 Greenopolis Homebuyer Claims

The Delhi High Court has set aside a November 27, 2025, order directing restoration of properties attached by the Enforcement Directorate in the Greenopolis housing project case. It has appointed a three-member Monitoring Committee to verify genuine homebuyer claims and streamline the restitution process. Justice Anup Jairam Bhambhani appointed former Chief Justice of the Supreme Court of India Justice Sanjiv Khanna as the committee's chairperson. The committee will also comprise former...

CMRL-Exalogic Case: Kerala HC Reserves Order On Legality Of Preliminary Enquiry Without FIR Into Pinarayi Vijayan, Daughter

The Kerala High Court on Tuesday reserved its order on whether the State Government can conduct a preliminary enquiry before registering a First Information Report on the basis of material forwarded by the Enforcement Directorate (ED) alleging offences under the Prevention of Corruption Act in the CMRL-Exalogic case.Justice A. Badharudeen was hearing a plea filed by Advocate K.M. Shajahan, seeking directions for registration of an FIR against former Chief Minister of Kerala, Pinarayi Vijayan,...

Supreme Court Issues Notice In Plea Against High Court Order Quashing Gameskraft Executives' Arrests

The Supreme Court on Monday issued notice on the Enforcement Directorate's challenge to the Karnataka High Court order quashing the arrests of Gameskraft founder Deepak Singh and company executives Vikas Taneja and Prithvi Raj Singh in a money laundering case arising from alleged losses suffered by users of the company's online gaming platforms.A Division Bench of Justices M.M. Sundresh and P.B. Varale issued notice on the ED's plea and directed the executives to respond to the challenge.The...

Supreme Court Refuses To Interfere With Denial Of Anticipatory Bail To PACL Promoter's Daughter In ₹48,000 Crore PMLA Case

The Supreme Court on Friday refused to interfere with the Delhi High Court's order denying anticipatory bail to Barinder Kaur, daughter of late PACL promoter Nirmal Singh Bhangoo, in the ₹48,000 crore PMLA case arising from the alleged Pearls Agrotech Corporation Limited investment fraud and money laundering case.The case arises from allegations that PACL and Pearl Golden Forest Ltd. collected more than ₹48,000 crore from investors through purported land schemes.A Division Bench of Justices M.M....

PMLA Appellate Tribunal Sets Aside Fairplay Asset Attachment Over ₹100-Crore Viacom18 Loss From IPL Streaming

The PMLA Appellate Tribunal has set aside orders confirming the attachment of properties and seizure and freezing of assets linked to Fairplay, a betting website/app that the Enforcement Directorate alleged was controlled by Krish Shah. The case arose from an alleged ₹100-crore-plus loss to Viacom18 over unauthorised streaming and broadcasting of IPL content. Justice Munishwar Nath Bhandari, Chairman of the tribunal, held that the ED could not rely on subsequent FIRs to sustain attachment and...

Karnataka High Court Retains Ozone Urbana Buyer & ED Cases, Quashes Contractor's Criminal Proceedings

The Karnataka High Court on 21 September held that criminal proceedings cannot be used to recover alleged dues arising from a purely civil dispute, while refusing to quash proceedings against Ozone Urbana Infra Developers Private Limited and its office bearers over home buyers' complaints alleging non-delivery of flats, diversion of project funds and other financial irregularities. Justice M. Nagaprasanna quashed the proceedings arising from a contractor's complaint alleging non-payment for...

Delhi High Court Grants Medical Bail To Former Reliance Executive Amitabh Jhunjhunwala PMLA Case

On 22 September, the Delhi High Court granted regular bail to former Reliance executive Amitabh Jhunjhunwala in a Prevention of Money Laundering Act (PMLA) case concerning the alleged diversion and layering of Rs. 15,933.65 crore through shell and group entities. Justice Madhu Jain granted the bail on medical grounds, holding that he fell within the expression “sick or infirm” under Section 45(1) of the PMLA. The Bench held: “Having regard to the totality of the circumstances, this Court is...

Bombay High Court Quashes Former Lodha Developers Executive's PMLA Arrest For Lack Of Fresh Material

On 21 September, the Bombay High Court allowed former Lodha Developers executive Rajendra Narpatmal Lodha's writ petition and set aside the remand order dated 13 February 2026 passed in connection with the Enforcement Case Information Report registered by the ED. Justice Milind N. Jadhav held that the Enforcement Directorate cannot arrest a person on the basis of material on which it had earlier sought a Special Court's permission to record his statement, unless fresh incriminating material or...

Vuenow Cloud Storage Investment Case: Punjab & Haryana HC Denies Bail To Founder Sukhwinder Kharour

The Punjab and Haryana High Court has dismissed the regular bail plea of Sukhwinder Singh Kharour, founder and CEO of the Vuenow Group, in a money laundering case linked to the group's alleged “cloud particle” investment model.Justice Sumeet Goel noted a prima facie disparity between the cloud-storage capacity allegedly sold to investors and the actual operational capacity found during searches. The Court also noted prosecution statements indicating that rental payments to earlier investors were...

Supreme Court Refuses To Interfere With Rajasthan HC Order Denying Ex-MLA Baljeet Yadav Bail In PMLA Case

Today, a Division Bench of the Supreme Court comprising Justices Dipankar Datta and Sheel Naguthe refused to interfere with the Rajasthan High Court's denial of bail to former MLA Baljeet Yadav in a money laundering case arising from alleged irregularities in the procurement of sports equipment for 32 government schools using MLA-LAD funds.The Court however, directed the trial court to to conclude the trial as early as possible, in accordance with law. "We are not inclined to interfere with...

Foreign Remittances Alone Can't Establish Gross Turnover As 'Proceeds Of Crime': Bombay High Court

On September 2, the Bombay High Court held gross business turnover or foreign remittances cannot, by themselves, establish that an entire turnover or all bank balances of a company constitute “proceeds of crime” under the Prevention of Money Laundering Act (PMLA).A Division Bench of Justices A.S. Gadkari and Kamal Khata quashed and set aside the 6 March 2025 order of the PMLA Appellate Tribunal which had upheld the 15 March 2023 order of the Adjudicating Authority continuing the freezing of...