Order on return of assets seized by ED stayed by HC
Hindustan Times|February 23, 2024
THE HC ORDER TO RETURN ASSETS ON JAN 31 CAME ON A PLEA REGARDING THE ASSETS SEIZED BY THE ED IN 2020

The Delhi high court on Thursday stayed its order from last month which held that assets seized in connection with a money-laundering case must be returned if the investigation continues beyond 365 days and does not result in any prosecution complaint (or charge sheet).

A division bench led by acting chief justice Manmohan stayed the verdict while considering an appeal filed by the Enforcement Directorate (ED) against the January 31 judgment. The bench, also comprising justice Manmeet Pritam Singh Arora, said the stay would remain in force till March 11, the next date of hearing in the matter.

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