https://www.taxtmi.com/news?id=64922 The High Court stayed for three months proceedings arising from an ED show cause notice alleging KIIFB used Masala Bond proceeds for prohibited real-estate activity, observing the RBI ECB framework governing those bonds does not treat infrastructure activities as real-estate activity, and noting prima facie that the adjudicating authority may lack power to proceed. en-us Tue, 16 Dec 2025 21:16:04 +0530 Tue, 16 Dec 2025 21:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=64922 The High Court stayed for three months proceedings arising from an ED show cause notice alleging KIIFB used Masala Bond proceeds for prohibited real-estate activity, observing the RBI ECB framework governing those bonds does not treat infrastructure activities as real-estate activity, and noting prima facie that the adjudicating authority may lack power to proceed. News - Tue, 16 Dec 2025 21:16:04 +0530 https://www.taxtmi.com/news?id=64922