The Delhi High Court has nullified a summons to Pawan Kant Munjal, Chairman of Hero Motocorp, in a foreign currency case brought by the Directorate of Revenue Intelligence. Munjal appealed the trial court’s order and was exonerated by the Customs, Excise and Service Tax Appellate Tribunal. The summons was deemed redundant, providing legal relief to Munjal.
In a significant legal development, the Delhi High Court has ordered a stay on the Enforcement Directorate’s (ED) investigation against Pawan Munjal, the Executive Chairman of Hero MotoCorp. This decision comes in the wake of allegations involving the illegal transfer of foreign currency equivalent to ₹54 crore out of India by Munjal and others. Also […]
