The Delhi High Court stayed an Income Tax Department order directing extradited businessman Rajiv Saxena to disclose overseas assets under the Black Money Act, ruling that individuals compelled to remain in India cannot be forced to reveal foreign bank accounts or business details.
The Enforcement Directorate has transferred four Mumbai flats linked to Mehul Choksi to the liquidator of Gitanjali Gems to speed up monetisation and compensate victims of the PNB fraud. This marks a crucial shift from asset seizure to real recovery for banks and affected stakeholders.
Tahawwur Hussain Rana, accused in the 26/11 Mumbai attacks, has requested a Delhi court to permit communication with his family while in judicial custody. The application will be heard by Special Judge Chander Jit Singh. Rana faces extradition to the U.S. for alleged terrorism support, drawing significant legal attention.
