Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
At the discharge stage under PMLA, the court must only see whether prosecution material, taken at face value, discloses the ingredients of money-laundering; it cannot conduct a mini-trial or weigh defence documents. Revisional interference with refusal of discharge is confined to patent illegality, jurisdictional error, or a legal bar to the proceedings. On the materials described, the assets, bank routing, deposits, insurance policies and investments were treated as sufficient to prima facie indicate acquisition, possession, layering and projection of proceeds of crime, and the accused's explanation was left for trial.
At the discharge stage under PMLA, the court must only see whether prosecution material, taken at face value, discloses the ingredients of money-laundering; it cannot conduct a mini-trial or weigh defence documents. Revisional interference with refusal of discharge is confined to patent illegality, jurisdictional error, or a legal bar to the proceedings. On the materials described, the assets, bank routing, deposits, insurance policies and investments were treated as sufficient to prima facie indicate acquisition, possession, layering and projection of proceeds of crime, and the accused's explanation was left for trial.
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