Delhi HC sets aside money laundering case against Bhushan Power and Steel
Delhi High Court has set aside the money laundering proceedings against erstwhile Bhushan Power and Steel Ltd.
Budget with ET
Tax calculator
Justice Manmeet P S Arora, while dealing with a petition by BPSL, observed after having undergone a successful resolution process under the Insolvency and Bankruptcy Code, the company — now taken over by JSW Steel — should not be prosecuted for the offences committed before the start of the insolvency process.
The officers of the erstwhile company, however, should continue to be prosecuted and punished under the law, notwithstanding the fact that the firm's liability had ceased, the court said.
«In the overall conspectus, the writ petition is being partly allowed with the above clarification and the impugned order dated January 17, 2020 passed by the special judge, CBI, Rouse Avenue district court taking cognisance and issuing process and the consequential criminal proceedings...only to the extent of the petitioner company are being hereby set aside,» the court said on January 30.
The petitioner was represented by senior advocates Abhishek Singhvi and Vikas Pahwa.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By — Metla Sudha Sekhar, IT Specialist and Developer
Arti
