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Supreme Court Stays ED Move to Attach Assets of BPSL - (23 Dec 2019)

INSOLVENCY

Supreme Court has stayed an Enforcement Directorate (ED) move to provisionally attach all assets of ailing Bhushan Power and Steel Ltd (BPSL), which is under insolvency procedure, in connection with money laundering charges and issued a notice to the probe agency. The Court asked ED to explain whether its money-laundering charges would trump the insolvency proceedings by February, 2020.

Tags : SUPREME COURT   BPSL  

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