HC grants interim relief to ABG Shipyard directors on eviction notices issued by the ED

economictimes.indiatimes.com:

Bombay High court (HC) granted interim relief to the erstwhile Directors of ABG Shipyard Group against the eviction notices issued by the Enforcement Directorate (ED) directing them to evict their residential premises in relation to money laundering case registered against ABG Shipyard Ltd. They have been booked in a money laundering case of Rs.

22,000 crore. The HC directed that the agency should give the appellants, a four working days advance notice in the event it intends to take any action against The erstwhile directors, Krishna Gopal Toshniwal, Dhananjay Datar and their family members, had approached the Bombay High Court after their stay applications against the eviction notice were rejected by the Appellate Authority, PMLA, New Delhi.

ED had last year attached various properties of accused persons including the residential premises of erstwhile directors which was earlier this year confirmed by Adjudicating Authority, New Delhi under Prevention of Money Laundering Act which has been challenged in an appeal by the erstwhile directors before the Appellate Authority under PMLA. Advocate Vijay Aggarwal representing the erstwhile directors, urged the court to consider the plight of the erstwhile directors and argued that the appeal preferred before the High Court was to protect his clients from the eviction notices issued by Enforcement Directorate directing them to evict their residential premises in which the erstwhile directors along with their family members including old and infirm parents had been residing from a number of years.