Supreme Court Quashes 1992 FERA Proceedings Against Standard Chartered Bank Over NRE Transactions

The Supreme Court on Tuesday quashed criminal proceedings initiated against Standard Chartered Bank under the Foreign Exchange Regulation Act, 1973 (FERA). The case stemmed from allegations that the bank facilitated foreign exchange transactions in 1992 by allowing foreign currency deposits and remittances through Non-Resident External (NRE) accounts without the approvals mandated under the Act.A bench of Justices J.B. Pardiwala and Manoj Misra allowed the bank's appeal against the Bombay High...

Supreme Court Directs AIIMS Medical Board To Assess Punjab Minister Sanjeev Arora's Health On Bail Plea In PMLA Case

The Supreme Court on Monday directed that Aam Aadmi Party (AAP) MLA and Punjab Cabinet Minister Sanjeev Arora be shifted from Fortis Hospital in Gurugram to the All India Institute of Medical Sciences (AIIMS), New Delhi. The court asked a Medical Board at AIIMS to examine his health and submit its report within two days. Arora has sought interim bail in an Enforcement Directorate case under the Prevention of Money Laundering Act (PMLA), citing serious cardiac ailments.A bench of Justices Satish...

Supreme Court Refuses To Interfere With Bail Denial To Ex-Haryana Congress MLA In Mahira Group Housing Scam

The Supreme Court on Friday refused to interfere with a Punjab and Haryana High Court order denying regular bail to former Haryana Congress MLA Dharam Singh Chhoker in the Enforcement Directorate's money laundering case over the alleged Mahira Group affordable housing scam. The ED has alleged that Chhoker and others siphoned off around ₹616 crore collected from nearly 1,500 homebuyers in Mahira Group's affordable housing projects in Gurugram by diverting project funds. The ECIR was initially...

Supreme Court Sets Aside Anticipatory Bail Granted To HGPI Chairman In Post-Matric Scholarship Scam PMLA Case

The Supreme Court on Thursday set aside the Himachal Pradesh High Court's order granting anticipatory bail to Rajnish Bansal, Chairman of the Himalayan Group of Professional Institutions (HGPI) and Apex Group of Professional Institutions (AGPI), in the Enforcement Directorate's money laundering case linked to the alleged Post-Matric Scholarship Scheme scam. A bench of Justices M.M. Sundresh and Prasanna B. Varale allowed the ED's appeal. It held that the High Court had failed to adequately...

UK-Based Arms Consultant Sanjay Bhandari Moves SC Against Delhi HC Fugitive Economic Offender Ruling

Businessman Sanjay Bhandari has approached the Supreme Court against the Delhi High Court's decision affirming his declaration as a Fugitive Economic Offender under the Fugitive Economic Offenders ActBhandari, a defence consultant is under investigation in the alleged Pilatus basic trainer aircraft procurement and Tatra all terrain military truck procurement cases apart from proceedings under the Black Money Act.The special leave petition filed on July 9 is yet to be listed before the apex...

Former Reliance Power CFO Moves Supreme Court Against Bail Denial In ₹68.20 Crore PMLA Case

Former Reliance Power Ltd Chief Financial Officer Ashok Kumar Pal has moved the Supreme Court challenging the Delhi High Court's refusal to grant him regular bail in the Enforcement Directorate's money laundering case.The case arises from the alleged submission of forged bank guarantees worth ₹68.20 crore for a Solar Energy Corporation of India battery energy storage project.The special leave petition filed on June 30, 2026 is yet to be listed before the apex court. The case arises from an...

Actor Jacqueline Fernandez Withdraws Plea In Supreme Court Against Framing Of Charges In ₹200 Crore PMLA Case

The Supreme Court on Thursday permitted actor Jacqueline Fernandez to withdraw her special leave petition challenging the order of the Special PMLA Court at Patiala House Courts. On May 30, 2026, the court had framed charges against her in the money laundering case arising out of the alleged ₹200 crore extortion racket involving alleged conman Sukesh Chandrasekhar. A vacation bench of Justices B.V. Nagarathna and Joymalya Bagchi allowed the plea to be withdrawn. This came after counsel...

Lending Public Money Without Efforts To Recover It Is 'Not Acceptable'; SC Issues Notice On Plea Seeking Probe Into JKM Infra

Calling it a "deep-rooted nexus" between banks, Asset Reconstruction Companies (ARCs), and borrowers, the Supreme Court on Friday said it was "not acceptable" for public money to be lent and then not effectively recovered. The remarks came as the Court issued notice on a PIL seeking a court-monitored probe into the settlement of JKM Infra Projects Ltd's ₹1,537 crore debt for ₹73.50 crore through the ARC route. A vacation bench of Chief Justice Surya Kant and Justice V. Mohana heard the matter...

SC's Justice PK Mishra Recuses From Hearing Jacqueline Fernandez's Plea In ₹200 Crore PMLA Case

The Supreme Court on Thursday directed that actor Jacqueline Fernandez's plea in the ₹200 crore money laundering case be listed before another bench after Justice Prashant Kumar Mishra disclosed that his son had appeared for the government in one of the connected matters. A bench of Justices Prashant Kumar Mishra and Atul S. Chandurkar was hearing Jacqueline's plea challenging the proceedings arising from a Special PMLA court's May 30, 2026 order framing charges against her, alleged conman...

Supreme Court Refuses To Interfere With Arrest Of Ex-VVCMC Town Planning Officer In Money Laundering Case

The Supreme Court on Tuesday (May 26) refused to interfere with a Bombay High Court judgment that upheld the arrest of former Vasai-Virar City Municipal Corporation (VVCMC) Deputy Director of Town Planning Y. Shiva Reddy by the Enforcement Directorate. The case concerns alleged illegal constructions and corruption linked to development permissions in the Vasai-Virar area. A Bench of Justices Vikram Nath and Sandeep Mehta dismissed Reddy's special leave petition against the High Court's March...

Supreme Court Issues Notice On Plea Alleging Jaypee Used “Facade” Deals To Divert ₹13,833 Crore Homebuyer Funds

The Supreme Court on Tuesday issued notice on a writ petition alleging that Rs. 13,833 crore out of Rs. 14,599 crore collected from homebuyers by the Jaypee Group was diverted through transfers to group entities and undervalued land transactions. The matter came up before a bench comprising the Chief Justice Surya Kant, Justice Joymalya Bagchi and Justice Vipul M. Pancholi issued notice. “Issue notice, returnable on 15.07.2026,” the court recorded.Filed by a homebuyer in the 'KASABLANCA'...

Supreme Court Sets Aside HC Order Allowing Winzo Affiliate To Use Frozen Funds For Salaries

The Supreme Court has recently set aside a Karnataka High Court order permitting Winzo affiliate Zo Private Limited to withdraw money from frozen bank accounts for payment of employee salaries. The court held that once the company had been relegated to its statutory remedy before the Adjudicating Authority, the High Court ought not to have exercised discretion permitting withdrawal of funds. A bench of Justices M.M. Sundresh and Nongmeikapam Kotiswar Singh observed the High Court could not...