Synopsis
The properties of Singhal that ED had attached last year include two houses in Delhi – one at Jor Bagh worth ₹74 crore and another at Tolstoy Marg worth ₹11 crore, a house in London (One Hyde Park, Knightsbridge) worth ₹99 crore, and fixed deposits worth ₹19 crore.
The Delhi High Court has restrained the Enforcement Directorate from taking coercive steps on properties worth ₹204 crore it had attached from former Bhushan Power and Steel chairman Sanjay Singhal until an appellate tribunal – which is currently non-functional – hears the matter.
The court has also restrained Singhal and his companies from creating any third-party rights in the said properties till the Prevention of Money Laundering (PMLA) Appellate Tribunal becomes functional and take … Read more
