High Court status quo on attached assets in Bhushan Power case
The Delhi High Court has restrained the Enforcement Directorate from taking coercive steps on properties worth ₹204 crore it had attached from former Bhushan Power and Steel chairman Sanjay Singhal until an appellate tribunal – which is currently non-functional – hears the matter.
The court has also restrained Singhal and his companies from creating any third-party rights in the said properties till the Prevention of Money Laundering (PMLA) Appellate Tribunal becomes functional and takes up the matter.
