The writ petition was filed to quash notices dated 30.11.2022 and 30.01.2023 issued under the Foreign Exchange Management Act, 1999 (FEMA). The Corporate Insolvency Resolution Process (CIRP) of Shree Ganesh Jewellery House (I) Pvt. Ltd. commenced on 12.02.2018. The NCLT directed liquidation on 14.09.2018. The petitioner was appointed as the liquidator. Respondent No.2 issued a provisional order of attachment (POA) under the Prevention of Money Laundering Act, 2002 (PMLA) on 16.04.2019, which was later set aside. The respondent No. 2 then issued a Provisional Seizure Order under Section 37A of FEMA. The petitioner received a petition u/s 37A(2) of FEMA seeking confirmation of the Provisional Seizure Order.
The Corporate Insolvency Resolution Process (CIRP) of Shree Ganesh Jewellery House (I) Pvt. Ltd. commenced on 12.02.2018. On 14.09.2018, the NCLT directed that Shree Ganesh should be liquidated. The writ petitioner was appointed as the liquidator. Respondent No.2 issued a provisional order of attachment (POA) under the PMLA on 16.04.2019, which was not confirmed. On 30.11.2022, the writ petitioner received an order of seizure issued by respondent no. 2 under Section 37A of FEMA. On 31.01.2023, the writ petitioner received a petition u/s 37A(2) of FEMA seeking confirmation of the Provisional Seizure Order. The respondent no. 3 confirmed the Provisional Seizure Order on 23.05.2023. The petitioner filed an appeal before the Appellate Tribunal against the confirmation
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Corporate Insolvency Resolution Process (CIRP)…
NCLT directed that…
The writ petition was filed to quash notices dated 30.11.2022 and 30.01.2023 issued under the Foreign Exchange Management Act, 1999 (FEMA). The Corporate Insolvency Resolution Process (CIRP) of Shree Ganesh Jewellery House (I) Pvt. Ltd. commenced on 12.02.2018. The NCLT directed liquidation on 14.09.2018. The petitioner was appointed as the liquidator. Respondent No.2 issued a provisional order of attachment (POA) under the Prevention of Money Laundering Act, 2002 (PMLA) on 16.04.2019, which was later set aside. The respondent No. 2 then issued a Provisional Seizure Order under Section 37A of FEMA. The petitioner received a petition u/s 37A(2) of FEMA seeking confirmation of the Provisional Seizure Order.
The Corporate Insolvency Resolution Process (CIRP) of Shree Ganesh Jewellery House (I) Pvt. Ltd. commenced on 12.02.2018. On 14.09.2018, the NCLT directed that Shree Ganesh should be liquidated. The writ petitioner was appointed as the liquidator. Respondent No.2 issued a provisional order of attachment (POA) under the PMLA on 16.04.2019, which was not confirmed. On 30.11.2022, the writ petitioner received an order of seizure issued by respondent no. 2 under Section 37A of FEMA. On 31.01.2023, the writ petitioner received a petition u/s 37A(2) of FEMA seeking confirmation of the Provisional Seizure Order. The respondent no. 3 confirmed the Provisional Seizure Order on 23.05.2023. The petitioner filed an appeal before the Appellate Tribunal against the confirmation
…Corporate Insolvency Resolution Process (CIRP)…
NCLT directed that…