Not naming beneficial owner does not invalidate I-T attachment order: Anti-benami authority, ET LegalWorld
The Adjudicating Authority for the anti-benami law has upheld a 2023 land assets attachment order issued by the Income Tax department despite the taxman not being able to identify the “beneficial owner”, stating that the said law has specific provisions to deal with such instances. The Authority, a quasi-judicial body, issued the order on November […]
Sebi orders attachment of bank, demat accounts of Reliance Big Entertainment, ET LegalWorld
Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 crore. Before this, the markets watchdog on November 14 sent a notice to Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd) […]
Delhi court orders attachment of Bikaner House, Legal News, ET LegalWorld
A court here has directed the attachment of Bikaner House, which is owned by Nokha municipal council in Rajasthan, after it failed to pay arbitral award of Rs 50.31 lakh to a company. District Judge Vidya Prakash passed the order, noting that the 2020 arbitral award in favour of Enviro Infra Engineers Private Limited has […]
SEBI orders attachment of Videocon Realty’s bank accounts for ₹34.26 lakh recovery, ET LegalWorld
The Security and Exchange Board Notice for attachment of bank accounts, Demat, and Mutual Fun folio(s) related to Videocon Realty and Infrastructure Ltd. The security market regulator has ordered attached under Section 28A(1)(b) which empowers the recovery officer to attach the bank accounts of defaulters. The Recovery Officer has drawn recovery proceedings on September 30, […]
Dubai Court orders attachment of Honasa’s UAE assets in ongoing litigation with RSM, ET LegalWorld
FMCG firm Honasa Consumer Ltd on Friday said a court in Dubai has ordered to attach its assets in the UAE but refused to cancel the trading license of Honasa Consumer General Trading LLC in the ongoing litigation with RSM General Trading LLC over termination of distributorship. RSM General Trading LLC (RSM) and Honasa Consumer […]
Sebi orders attachment of bank, demat accounts of Karvy Stock Broking, its CMD, ET LegalWorld
Markets regulator Sebi on Thursday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Karvy Stock Broking and its CMD C Parthasarathy to recover dues of around Rs 25 crore. Before this, the regulator on August 7 sent a notice to Karvy and Parthasarathy asking them to pay dues […]