India

Delhi High Court Quashes ED Summons Against Hero Motocrop Chairman Pawan Munjal

In a significant development, the Delhi High Court has set aside the summons issued by the Enforcement Directorate (ED) against Pawan Kant Munjal, Chairman and Managing Director of Hero MotoCorp. This comes after the court had earlier stayed the ED’s action against Munjal.

Justice Manoj Kumar Ohri’s court passed the order on Munjal’s petition, which sought to quash the lower court’s order dated July 1, 2023, issuing summons against him for alleged offenses under the Customs Act. The court note that Munjal already acquitte by the Customs, Excise and Service Tax Appellate Tribunal on the same charges, a fact that not disclosed during the lower court proceedings.

Also Read: Delhi HC Seeks Reply From Delhi Police In Petition By Umar Khalid

The ED had attached three of Munjal’s immovable properties in Delhi under the Prevention of Money Laundering Act and registered a case against him for allegedly taking foreign currency out of India. However, the Delhi High Court had earlier stayed the ED’s action, citing the stay on the complaint filed by the Directorate of Revenue Intelligence, which was the basis for the ED’s investigation.

The court clarified that the stay only applied to Munjal and that the ED could continue investigating others involved in the case. The ED had raided Munjal’s premises in Delhi and Gurugram as part of the money laundering investigation, which was based on a complaint filed by the Directorate of Revenue Intelligence.

Gopal Krishna

Recent Posts

SC Upholds Rajasthan’s Electricity Regulations; Dismissing Power Companies Plea

The Supreme Court has granted a major relief to the Rajasthan government by upholding the…

2 hours ago

SC Expresses Concern Over Rising Trend Of False Rape Cases On Marriage Promises

The Supreme Court has expressed concern over the rising tendency to register rape cases based…

3 hours ago

Adani Ports Mundra Sets National Record With Historic 200 MMT Cargo Handling Milestone

Adani Ports & Special Economic Zone set a national record by handling 450 MMT of…

3 hours ago

SC Seeks Response On Vikas Yadav’s Bail Plea In Nitish Katara Murder Case

SC issues notice to UP govt, Neelam Katara on Vikas Yadav’s interim bail plea in…

3 hours ago

SC Slams Telangana CM Over Remarks On BRS MLAs’ Disqualification Case

The SC expressed displeasure over Telangana Chief Minister A Revanth Reddy’s remarks regarding the disqualification…

3 hours ago

Jamaat-e-Islami Hind (JIH) Opposes Waqf Bill; Calls It Legislative Discrimination

JIH President Syed Sadatullah Husaini condemns the Waqf Amendment Bill for singling out Muslims and…

4 hours ago