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

Mumbai’s Street MBA: How A Bag Hustle Became A ₹8 Lakh Business

A Mumbai auto driver earns up to ₹8 lakh per month by offering a simple…

48 mins ago

Five Districts In Manipur Face Internet Shutdown Following Unrest

Manipur suspended internet in five districts for five days after protests over arrest of a…

2 hours ago

Shashi Tharoor Criticises Pakistan: “In Pakistan You Get Rewarded For Promoting Terrorism”

Shashi Tharoor condemns Pakistan’s treatment of Dr Shakil Afridi, who helped the US locate Osama…

2 hours ago

How To Read Food Labels & Make Smarter Grocery Choices

Reading food labels helps you make informed, healthier choices by understanding nutrition facts & picking…

2 hours ago

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

15 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

15 hours ago