Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
The AT dismissed the appeal. The appellant company was found to be a sham entity established to launder proceeds of crime by an accused, Mr. Anurag Gupta. The ED complied with procedural requirements u/ss 5, 17 and 20 of PMLA for retaining seized properties prima facie involved in money laundering. The offence being independent, the appellant could be proceeded against despite not being named in the scheduled offence FIR/chargesheet, as it possessed unexplained proceeds of crime.
The AT dismissed the appeal. The appellant company was found to be a sham entity established to launder proceeds of crime by an accused, Mr. Anurag Gupta. The ED complied with procedural requirements u/ss 5, 17 and 20 of PMLA for retaining seized properties prima facie involved in money laundering. The offence being independent, the appellant could be proceeded against despite not being named in the scheduled offence FIR/chargesheet, as it possessed unexplained proceeds of crime.
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