By S A Ishaqui
Hyderabad, July 8: Justice Naveen Rao of the Hyderabad High Court on Monday declined to stay the summons issued by the Enforcement Directorate to Navabharat Power Private Ltd. and its promoters P. Trivikrama Prasad and Y. Harish Chandra Prasad in the Coal Block allotment scam.
The promoters of the Navabharat Company moved a petition before the judge seeking a stay of all further proceedings pursuant to the summons issued by the ED under the prevention of the Money Laundering Act.
The counsel for the petitioners apprehended that the ED may go ahead with coercive steps by attaching the properties based on the summons issued under the PMLA Act. P.S.P. Suresh Kumar, counsel for the ED, told the court that the Supreme Court has been monitoring the case and they have not launched any attachment proceedings against the petitioner or his company, which was allotted a coal block.
They were only summoned to answer certain queries on July 9.
While noting that that only summons were issued to promoters to appear before the ED to answer certain queries and attachment of properties at this stage is only an apprehension and courts will not act on such anticipated claims and unfounded fears, Justice Naveen Rao adjourned the case to July 10.
No comments:
Post a Comment