https://www.taxtmi.com/news?id=65064 Kerala officials challenged ED show cause notices alleging misuse of Masala Bond proceeds for land acquisition; the High Court stayed proceedings for three months. The ED appealed, arguing petitions are premature because FEMA provides a complete adjudicatory and appellate framework and that objections must be raised before the Adjudicating Authority. The dispute hinges on whether the External Commercial Borrowings framework treats land acquisition for infrastructure as a real estate activity barred from Masala Bond financing; the notices allege FEMA contraventions of Rs 466.91 crore. en-us Wed, 17 Dec 2025 20:31:03 +0530 Wed, 17 Dec 2025 20:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=65064 Kerala officials challenged ED show cause notices alleging misuse of Masala Bond proceeds for land acquisition; the High Court stayed proceedings for three months. The ED appealed, arguing petitions are premature because FEMA provides a complete adjudicatory and appellate framework and that objections must be raised before the Adjudicating Authority. The dispute hinges on whether the External Commercial Borrowings framework treats land acquisition for infrastructure as a real estate activity barred from Masala Bond financing; the notices allege FEMA contraventions of Rs 466.91 crore. News - Wed, 17 Dec 2025 20:31:03 +0530 https://www.taxtmi.com/news?id=65064