Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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ED cannot Freeze Bank Accounts without S.17(1-A) PMLA Order: Punjab & Haryana HC directs ED to Hold ‘Tainted’ ₹45 Cr Pending Adjudication
BankingMoney Laundering (PMLA)
The Punjab and Haryana High Court has ruled that the ED "cannot freeze bank accounts without a Section 17(1) PMLA order," directing the ED to hold ₹45 crore pending adjudication. The court's decision provides a significant victory for the company. The ruling clarifies that a government body cannot freeze a person's bank account without a valid reason.
