Enforcement Directorate
PMLA Amendments
In its recent amendment, the Central Government listed 15 government bodies that are required to share information with the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA). The list was amended in accordance with Section 66 of the ..
Month: Current Affairs - December, 2022
Category: India Nation & States Current Affairs
ED Money-laundering probe into Vivo
On July 8, 2022 the Delhi High Court asked the Enforcement Directorate to consider Vivo to allow it to unfreeze some of its bank accounts, in order to pay for its liabilities. Highlights Justice Yashwant Varma has asked the enforcement directorate to respond on ..
Month: Current Affairs - July, 2022
Category: Legal & Constitution Current Affairs
JSW Steel Ltd permitted to acquire Bhushan Power & Steel Ltd
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, ..
PMLA prevails over Bankruptcy Act and Insolvency Code: Delhi HC
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 ..
Month: Current Affairs - April, 2019
Terror Monitoring Group for Jammu and Kashmir
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 ..
Month: Current Affairs - April, 2019
Karnataka High Court quashes ED freeze on Greenpeace Bank Accounts
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 ..