Whether PMLA Prevails Over SARFAESI Act? Supreme Court To Hear SBI's Plea On October 20

The Supreme Court will hear on October 20th plea filed by State Bank of India challenging the Punjab and Haryana High Court's decision that Prevention Of Money Laundering Act(PMLA) prevails over the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI Act)A Bench comprising Justice AM Khanwilkar, Justice Dinesh Maheshwari and Justice CT Ravikumar was considering the case State Bank of India v. Enforcement Directorate.Solicitor General of...

Delhi High Court Temporarily Stays Money Laundering Proceedings Against Company Allegedly Owned By Former IAS Officer Babulal Agrawal

The Delhi High Court last week stayed the proceedings before Adjudicating Authority in a PMLA case against a company namely Prime Ispat Ltd, it's director and managing director. The company is allegedly owned by Babulal Agrawal, former IAS Officer of 1988 Batch serving in the State Government of Chhattisgarh.The company had challenged the Provisional Attachment Order issued by the Enforcement Directorate along with complaint and show cause notice against it.Justice Rekha Palli issued notice on...

Delhi High Court Expresses Displeasure Over Centre's Vague Affidavit In Plea For Making PMLA Appellate Tribunal Functional

The Delhi High Court on Tuesday expressed its displeasure on Centre's affidavit failing to set out the timeline as to when the Prevention of Money Laundering Act (PMLA) Appellate Tribunal would become functional.The Court was dealing with a petition seeking a direction on Centre to appoint Chairperson to the Appellate Tribunal, PMLA in order to get an expeditious decision on petitioner's pending appeal.Perusing the status report filed by the Centre, Justice Rekha Palli said:"Though a status...

Centre To Seek Transfer Of Mehbooba Mufti's Plea Challenging Vires Of PMLA Before Delhi High Court To Supreme Court

The Central Government today informed the Delhi High Court that intends to seek transfer of the plea filed by former Chief Minister of Jammu & Kashmir, Mehbooba Mufti, challenging the vires of the Prevention of Money Laundering Act, 2002 (PMLA), to the Supreme Court.Solicitor General Tushar Mehta informed the Bench led by Chief Justice DN Patel that a similar matter is already pending before the Supreme Court and therefore, to avoid "multiplicity of proceedings" the Government will file an...

Economic Offenders Have Huge Proceeds Of Crime, May Use It To Affect Probe, Win Over Witnesses: Allahabad HC Denies Anticipatory Bail To Accused

Allahabad High Court Denies Anticipatory Bail To NRHM Scam Accused

"Centre Expected To Ensure PMLA Appellate Tribunal Becomes Functional By September": Delhi High Court

The Delhi High Court has said that it expects the Centre to ensure that the Prevention of Money Laundering Act (PMLA) Appellate Tribunal becomes functional by September 14, the next date of hearing.The remark was made by Justice Rekha Palli on noting that the Court is flooded with various writ petitions assailing Tribunal orders, due to non-functioning of the Appellate Tribunal."It is expected that before the next date, the respondent no.1 will make an endeavour to ensure that the...

Probing Offence Under PMLA An Intricate Exercise Of 'Skills & Patience': Delhi Court Sends Ambience Mall Owner To ED Remand Till August 7

A Delhi Court on Thursday sent Raj Singh Gehlot, owner of the Gurugram-based Ambience Mall to the Enforcement Directorate's remand till August 7 [after his previous remand custody ended on August 5] in connection with a money laundering case for allegedly siphoning off the loan amount and diverting funds while entering into a criminal conspiracy."Investigation of an offence under PMLA in itself is an intricate exercise of skills and patience. The very nature of offence requires sustained...

Delhi High Court Adjourns Mehbooba Mufti's Plea Challenging Vires Of PMLA To August 13

The Delhi High Court has adjourned to August 13 hearing in the plea filed by Former Chief Minister of Jammu and Kashmir, Mehbooba Mufti challenging vires of the Prevention of Money Laundering Act, 2002 (PMLA). A division bench comprising of Chief Justice DN Patel and Justice Jyoti Singh adjourned the matter on the request of Solicitor General of India, Tushar Mehta. While SGI Tushar Mehta appeared on behalf of the Enforcement Directorate, Senior Advocate Nitya Ramakrishnan appeared on behalf...

Espionage Case -Delhi Court Sends Freelance Journalist Rajeev Sharma 7 Days ED Custody Till July 9

A Delhi Court on Friday sent freelance journalist Rajeev Sharma to 7 days Enforcement Directorate's custody till July 9 after he was arrested for allegedly supplying confidential information to Chinese Officials.ED had initiated investigation on the basis of an FIR filed against Rajeev Sharma under the provisions of IPC, Official Secrets Act. It was thus the case of ED that Sharma had supplied confidential information to Chinese Officials in return of some remuneration thereby comprising...

INX Media Case: Delhi Court Exempts P Chidambaram, Karti Chidambaram From Personal Appearance

A Delhi Court on Wednesday fixed as April 16 the date for scrutiny of documents in the main chargesheet filed by the Enforcement Directorate (ED) in the INX Media money laundering case against Former Union Minister P Chidambaram, his son Karti P. Chidambaram and 8 others.Special CBI Judge MK Nagpal while putting up for scrutiny of documents, also exempted personal appearances of the accused persons in the case at the request of their counsels.Both the Counsel appearing on behalf of P Chidambaram...

Delhi Court Grants Bail To Former Rajya Sabha MP KD Singh In Money Laundering Case

A Delhi Court on Tuesday granted bail to former Rajya Sabha MP, belonging to the Trinamool Congress (TMC), in a money laundering case registered by Enforcement Directorate against him. Special CBI Judge Geetanjali Goel granted bail to KD Singh subject to furnishing of personal bond in the sum of Rs. 5 lakhs with two sureties of like amount. A case was registered against Singh by ED under Prevention of Money Laundering Act. Singh was thereafter arrested by ED on 12th January 2021, was remanded...

INX Media Case: Delhi Court Issues Summons To P Chidambaram, Karti Chidambaram & Others In Money Laundering Case

A Delhi Court on Wednesday issued summons to Former Union Minister P Chidambaram, his son Karti P. Chidambaram and 8 others in the main chargesheet filed by the Enforcement Directorate (ED) in the INX Media money laundering case. Special Judge MK Nagpal issued summons for appearance to all the accused persons after taking cognizance of the ED's main chargesheet in the case. All the accused persons are now asked to appear before the Court on 7th April 2021. "I find sufficient material and...