Pmla Court

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Pmla Court - Total results - 19
Lockdown violations: Maharashtra Home Minister requests CBI to take custody of DHFL promoters Wadhawans
Business

Lockdown violations: Maharashtra Home Minister requests CBI to take custody of DHFL promoters Wadhawans

After the Wadhawan brothers and 21 others, including their family members, reached Mahabaleshwar hill town, they were quarantined there by the Satara district administration.

Vijay Mallya cannot use pendency of plea to stall insolvency proceedings against him in other jurisdictions: SC
Business

Vijay Mallya cannot use pendency of plea to stall insolvency proceedings against him in other jurisdictions: SC

Vijay Mallya, who is currently in the UK, has been charged by the Enforcement Directorate (ED) with defaulting on bank loans to the tune of Rs 9,000 crore.

Special court permits SBI-led bank consortium to utilise Vijay Mallya's movable assets to clear debt
Business

Special court permits SBI-led bank consortium to utilise Vijay Mallya's movable assets to clear debt

A special court here has permitted a consortium of 15 banks led by the State Bank of India (SBI) to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt

PNB fraud case: 12 luxury cars of fugitive businessmen Nirav Modi, Mehul Choksi auctioned at Rs 3.29 cr
Business

PNB fraud case: 12 luxury cars of fugitive businessmen Nirav Modi, Mehul Choksi auctioned at Rs 3.29 cr

The ED had in March obtained the permission of a special PMLA court in Mumbai for auctioning 12 cars of the Modi-Choksi duo as part of its money laundering probe in the Rs 13,500-crore alleged bank loan fraud.

PNB fraud case: Mehul Choksi moves Bombay High Court against non-consideration of plea on health grounds
Business

PNB fraud case: Mehul Choksi moves Bombay High Court against non-consideration of plea on health grounds

Mehil Choksi and his nephew diamantaire Nirav Modi are absconding after the biggest financial fraud came to light in February 2018 and are facing extradition from Antigua and Britain, respectively.

Vijay Mallya tries to obfuscate again: Attachment of assets worth Rs 14,000 crore doesn’t mean justice has been served
Business

Vijay Mallya tries to obfuscate again: Attachment of assets worth Rs 14,000 crore doesn’t mean justice has been served

Vijay Mallya’s is an alleged heinous financial crime involving money laundering and gaming the banking system particularly loan sanctions to suit his ends.

Sale of Vijay Mallya's 74 lakh shares in UBHL fetches Rs 1,008 crore; more stake sell-off to follow soon: ED
Business

Sale of Vijay Mallya's 74 lakh shares in UBHL fetches Rs 1,008 crore; more stake sell-off to follow soon: ED

Subsequently, the ED said, the recovery officer of the DRT, Bangalore published a notice early this month for the sale of a total of 74,04,932 shares of UBHL.

Sale of Vijay Mallya's shares worth Rs 1,000 cr cleared; liquidator to sell 7.4 mn United Breweries' stocks today
Business

Sale of Vijay Mallya's shares worth Rs 1,000 cr cleared; liquidator to sell 7.4 mn United Breweries' stocks today

This is the first sale of Vijay Mallya's confiscated assets by the authorities since he left the country in March 2016

PNB fraud: Enforcement Directorate gets PMLA court's permission to auction 173 paintings, 11 cars belonging to Nirav Modi
Business

PNB fraud: Enforcement Directorate gets PMLA court's permission to auction 173 paintings, 11 cars belonging to Nirav Modi

Last week, the court had issued a non-bailable warrant against Ami Modi, wife of Nirav Modi, a key accused in the $2 billion Punjab National Bank fraud case.

SBI plea to liquidate Vijay Mallya's properties to recover dues opposed in Karnataka High Court
Business

SBI plea to liquidate Vijay Mallya's properties to recover dues opposed in Karnataka High Court

Vijay Mallya left the country in early March 2016 and is currently fighting off extradition proceedings in the London high court.

Former Kingfisher boss Vijay Mallya bags India’s first-ever economic offender tag: Defiance finally pays its price
Business

Former Kingfisher boss Vijay Mallya bags India’s first-ever economic offender tag: Defiance finally pays its price

The tag of an economic offender ostracises Mallya not only from the financial system but even makes access difficult for the baron from otherwise available civil rights to fight his cases

Nirav Modi terms PNB scam 'civil transaction' that is being exaggerated; cites security reasons for not returning to India
Business

Nirav Modi terms PNB scam 'civil transaction' that is being exaggerated; cites security reasons for not returning to India

Nirav Modi and his uncle Mehul Choksi, who are both wanted in India for loan default, fled the country in the first week of January last year after their companies were found cheating the state-run PNB of Rs 13,000 crore.

Mumbai special court rejects Vijay Mallya's petition seeking stay on declaring him fugitive economic offender
Business

Mumbai special court rejects Vijay Mallya's petition seeking stay on declaring him fugitive economic offender

The decision from the judicature came after five parties, including a family member of Vijay Mallya, sought court dossiers with regard to the ED seeking to get Mallya declared a fugitive economic offender under the new law.

PNB scam: Accused Hemant Bhatt challenges PMLA court's jurisdiction, seeks transfer of case to CBI court
Business

PNB scam: Accused Hemant Bhatt challenges PMLA court's jurisdiction, seeks transfer of case to CBI court

The CBI had earlier booked Hemant Bhatt along with others under IPC section 420 (cheating) and relevant sections of Prevention of Corruption Act in connection with the fraud.

Moin Qureshi extorted money on behalf of CBI directors AP Singh and Ranjit Sinha, claims report
India

Moin Qureshi extorted money on behalf of CBI directors AP Singh and Ranjit Sinha, claims report

The chargesheet filed by the Enforcement Directorate against businessman Moin Qureshi has alleged that he had acted as a extortionist on behalf of former CBI directors AP Singh and Ranjit Sinha

Vijay Mallya saga: With govt invoking a 21-yr old treaty, the man is now an urban legend
Business

Vijay Mallya saga: With govt invoking a 21-yr old treaty, the man is now an urban legend

The investigative agencies have done everything possible to nail Mallya, including prompting the external affairs to cancel his passport

Vijay Mallya fails to appear before PMLA court; ED to initiate fresh attachment of assets
Business

Vijay Mallya fails to appear before PMLA court; ED to initiate fresh attachment of assets

The court, last month, had issued a proclamation order against Mallya asking him to appear before it at 11 am today after saying he has "absconded" and was "concealing" himself to avoid arrest

Court notice to Mallya on ED's plea to withdraw his exemption
Business

Court notice to Mallya on ED's plea to withdraw his exemption

A Delhi court has issued notice to liquor baron Vijay Mallya on ED's plea seeking to withdraw the exemption granted to him from personal appearance in a case for allegedly evading summons in connection with purported violation of foreign exchange rules.

Non-bailable warrant against Mallya in IDBI fraud case
Business

Non-bailable warrant against Mallya in IDBI fraud case

In more trouble for liquor baron Vijay Mallya, an arrest warrant was today issued against him by a special court in connection with the money laundering probe in the over Rs 900-crore IDBI loan fraud case.