Dissolution amounts to overreach, allows sister firm to escape liability. Experts disagree, say keeping firm alive just to face liability unreasonable, as promoters face action anyway.
According to Delhi EOW FIR, Raheja Developers fraudulently collected large sums from investors and homebuyers, promising flats in group housing projects but failed to deliver.
Hearing plea filed by TN govt challenging HC order upholding ED’s actions against TASMAC, CJI remarked that agency was crossing all limits and infringing on the federal structure.
The raids were carried out at 15 premises in Delhi, Noida, Ghaziabad and Mumbai on 23 May under the PMLA after an FIR against companies like Jaypee, Jayprakash Associates, and others.
Chhoker was arrested after ED, while searching for him, got a tip-off that he was partying at the Shangri-La Hotel in the heart of Delhi, it is learnt.
Rahul Navin's statement comes a month after CBI boss Praveen Sood said that agency should not take pride in only registration of cases when it has been faulted for delays & pendency.
As original CBI case was closed in 2016, ED noted that no 'scheduled offence' was committed by the accused. Money laundering probe fell flat as predicate offence was absent.
IAS officer Sanjeev Hans's lawyer has called the ED's investigation 'a web of falsehood riddled with ulterior motives, woven from a frivolous and fabricated complaint'.
Islamabad-based think-tank PICSS's new report says Pakistan saw 'pronounced escalation' in violence last year, with 3,413 conflict-related deaths compared to 1,950 in previous year.
UK, EFTA already in the bag and EU on the way, almost every member of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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