Tag: Criminal Proceedings
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Supreme Court’s M3M Ruling: Equivalent‑Value Substitution at the Provisional Attachment Stage under PMLA
[Shailee Basu is a lawyer based in Delhi and Research Fellow with the Crime & Punishment team at Vidhi Centre for Legal Policy] Recently, the Supreme Court of India permitted M3M India Pvt. Ltd, a real estate company, to substitute its land worth ₹317 crore provisionally attached by the Enforcement Directorate (ED) under section 5 of the Prevention
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Reforming Criminal Proceedings under the SEBI Act
[Amarpal Singh Dua is an Advocate practising before the Supreme Court of India] In the Union Budget 2021–22, Finance Minister Nirmala Sitharaman proposed a unified Securities Markets Code (“Code“) aimed at consolidating all existing securities laws into a rationalized and updated framework. In July 2023, she announced that the groundwork was complete and that the Code
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Supreme Court Widens Scope of Moratorium on Criminal Proceedings
[Prachi Gupta is a fourth-year B.A., LL.B. (Hons.) student at the Institute of Law, Nirma University] On 1 March 2021, the Supreme Court in the case of P. Mohanraj v. Shah Brothers Ispat Pvt. Ltd. has put an end to a much-debated topic of applicability of moratorium under section 14 of Insolvency and Bankruptcy Code,
