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High Court status quo on attached assets in Bhushan Power case

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

 

Bhushan Power caseEDHigh Courtvijay aggarwal advocate Newsvijay aggarwal advocate news today
Sonu Singh: I am enthusiastic blogger & SEO expert. I am digitally savvy and love to learn new things about the world of digital technology. I loves challenges come in my way. I also prefer to share useful information such as SEO, Google Algorithm Update, SMM, PPC, WordPress, Web Hosting, Affiliate Marketing etc.
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