Enforcement Directorate Current Affairs, GK & News
Mumbai-based Indian steel making company, JSW Steel Ltd recently approved permission from the National Company Law Appellate Tribunal on Monday (NCLAT) to acquire Bhushan Power & Steel Ltd. While JSW steel is to acquire the firm for Rs 19,700 crore, it would be immuned from the acts of former promoters of the Bhushan Power, as ..
The Delhi High Court has ruled that Prevention of Money Laundering Act (PMLA) prevails over the Bankruptcy Act and insolvency code when it comes to attachment of properties obtained as ‘proceeds of crime’. The Enforcement Directorate (ED) had challenged the orders of PMLA appellate tribunal on the pleas of various banks. PMLA Tribunal had held that ..
Category: Legal & Constitution Current Affairs
Topics: CLAT • Delhi High Court • ED • Enforcement Directorate • IBC • Insolvency and Bankruptcy Code • PMLA • Prevention of Money Laundering Act • RDBA • Recovery of Debt and Bankruptcy Act • SARFAESI Act • Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act
The Union Home Ministry has announced setting up of a Terror Monitoring Group (TMG) to ensure synergised and concerted action against terror financing and terror-related activities in Jammu and Kashmir. Mandate of the Terror Monitoring Group Taking action against hardcore sympathisers among government employees including teacher’s etc providing overt or covert support to such activities. ..
Topics: CBDT • CBI • CBIC • Central Board of Direct Taxes • Central Board of Indirect Taxes and Customs • ED • Enforcement Directorate • IB • Intelligence Bureau • Jammu and Kashmir • NIA • Terror Financing • Terror Monitoring Group • Union Home Ministry
The Karnataka High Court has quashed the order of Enforcement Directorate (ED) which froze the bank accounts of Greenpeace India. The court noted that the validity of the ED order has lost its efficacy on account of efflux of time as the period of 60 days has expired. The accounts of the Greenpeace India were frozen on ..
Topics: DDIIPL • Direct Dialogue Initiatives India Pvt Ltd • ED • Enforcement Directorate • Environmental conservation • FEMA • Foreign Exchange Management Act • Greenpeace India • Karnataka High Court
The UK home secretary has ordered the extradition of Vijay Mallya over allegations of £1bn fraud. The UK home secretary noted that Vijay Mallya, the first to be declared Fugitive Economic Offender is accused in India of conspiracy to defraud, making false representations and money laundering offences. The liquor baron is still defiant and he ..