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Madras High Court Orally Asks ED To Halt Probe Against Tasmac Till March 25: 'Can You Withhold Entire Office And Staff Under Your Control?

The Business Guardian

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March 21, 2025

The bench in the case directed the Enforcement Directorate, ED for filing a counter to the petition filed by TASMAC, wherein it challenged the recent searches by the agency conducted at the latter's headquarters.

- TDG NETWORK

Madras High Court Orally Asks ED To Halt Probe Against Tasmac Till March 25: 'Can You Withhold Entire Office And Staff Under Your Control?

The Madras High Court in the case Tamil Nadu State Marketing Corporation Ltd TASMAC v. Directorate of Enforcement, ED observed and has asked the Enforcement Directorate, ED not to proceed with its investigation initiated against the Tamil Nadu State Marketing Corporation, TASMAC in an alleged money laundering case till the next date of hearing.

The Division bench comprising of Justice MS Ramesh and Justice N Senthilkumar was hearing the present matter.

The bench in the case directed the Enforcement Directorate, ED for filing a counter to the petition filed by TASMAC, wherein it challenged the recent searches by the agency conducted at the latter's headquarters.

The court orally asked the Enforcement Directorate, ED to not proceed with the investigation.

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GST CUTS TO BOOST ECONOMY, BUT REVENUE LOSS COULD HIT BANKING SECTOR

While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on various products, a recent report by Systematix Research has pegged the figure much higher, at nearly Rs 1.2 trillion.

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Ahead of IPO, Ganesh Consumer Products raises Rs 122 crore

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The third round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully on Friday in Queenstown, New Zealand.

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'Capex, Opex subsidies in mineral scheme to boost recycling infra'

Eligible feedstock is e-waste, Lithium Ion Battery (LIB) scrap, and scrap other than e-waste & LIB scrap, e.g. catalytic converters in end-of-life vehicles.

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1 min

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Zelio E-Mobility gets Sebi nod for Rs 78-cr IPO

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US' H-1B fee move can have ripple effects on US innovation system

Indian IT industry body Nasscom has expressed concerns following the White House’s September 19 announcement of anew USD 100,000 annual fee on H-IB visa applications, calling the move potentially disruptive to global business continuity and the innovation ecosystem in the United States.

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India's first private sector gold mine at Jonnagiri in Andhra Pradesh, developed by Geomysore Services and Deccan Gold Mines, is set to be commissioned soon.

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2 mins

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Govt activates portal for GST complaints

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time to read

1 min

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Build infra for rupee trades beyond USD-INR pair: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the Clearing Corporation of India Ltd (CCIL) should prepare for the next phase of financial market development by facilitating currency trading beyond the dollar-rupee pair, as part of the broader goal of internationalising the Indian rupee.

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COMMUNITY LEADERSHIP KEY TO BUILDING INDIA'S PUBLIC EDUCATION SYSTEM

At just 24, Deve Kichche has transformed education in the Manikonta and Misma villages, located in Dantewada, Chhattisgarh.

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