The Karnataka High Court sought a detailed ED response to a partnership firm’s plea challenging search, seizure and freezing under PMLA. The case questions ED powers, Section 17 ‘reason to believe’, and requirement of a live predicate offence existence.
The Supreme Court today (Jan7th) of India clarified the procedure for addressing property undervaluation under the Indian Stamp Act, 1899. It ruled that the Registering Authority must provide valid reasons before referring cases to the Special Deputy Collector (Stamps) and give parties the chance to present their case, emphasizing proper inquiry protocols.
