Corporate insolvency resolution process amended with expanded disclosure, guarantor asset transfer rules, and new dissolution and restoration procedur...
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Money Laundering - Compliance of summons issued by the petitioner, ED u/s 50 - District Collectors to appear before the ED - The Supreme Court expressed disapproval of the District Collectors' failure to comply with its earlier order to appear before the ED. It emphasized the importance of respecting court orders and the rule of law. Despite acknowledging the reasons provided by the respondents for their non-appearance, including election duties, the Court deemed it necessary to ensure compliance with the summons issued under the PMLA.
Money Laundering - Compliance of summons issued by the petitioner, ED u/s 50 - District Collectors to appear before the ED - The Supreme Court expressed disapproval of the District Collectors' failure to comply with its earlier order to appear before the ED. It emphasized the importance of respecting court orders and the rule of law. Despite acknowledging the reasons provided by the respondents for their non-appearance, including election duties, the Court deemed it necessary to ensure compliance with the summons issued under the PMLA.
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