FPA-PMLA-2130/DLI/2017 of M/s Varrsanna Ispat Ltd. v/s The Deputy Director Directorate of Enforcement, Delhi
Case brief
What is this about?
The Tribunal issued a status quo order and clarified that time spent in proceedings would likely be excluded from the 270-day calculation if the application to exclude the period is allowed.
What did the court decide?
Both parties to maintain status quo; order given dasti; further hearing listed on 12th December, 2018.