This was after ED contested the adjudicating authority’s order that quashed its attachment of a Mumbai flat owned by the Kochhars and cash of Rs 10.5 lakh.
Without commenting on the merits of the allegations, the HC limited its decision to the legality of the arrest and if there was any contravention of statutory provisions.
SC had stayed UP Police's criminal proceedings against Yes Bank ex-CEO Kapoor & Videocon founder Dhoot last month. Chandra alleges Kapoor arm-twisted him into agreeing merger between Dish TV and Videocon in 2016.
Twin Star, a part of Agarwal’s Vedanta Group, will pay about Rs 30 billion to Videocon’s lenders. Videocon was among the first 12 companies pushed into bankruptcy after directions issued by RBI in 2017.
The court also asked Dhoot to surrender his passport and said he must appear before ED when required for probe in the alleged ICICI Bank-Videocon money laundering case.
Former ICICI CEO Chanda Kochhar is required to assist the investigating officer and her statement will be recorded under the Prevention of Money Laundering Act (PMLA)
The ED on Friday conducted searches at the homes and offices of former ICICI bank chief Chanda Kochhar and her husband Deepak, and Videocon Group's Venugopal Dhoot in a bank loan fraud case.
China flaunted military might & modernisation as it displayed stealth drones, anti-satellite system & cyber warfare contingent during parade to mark victory over Japan in WWII.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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