Delhi-High-Court-Dismisses-Applications-for-De-Freezing-of-Assets-in-Rs.-1260-Crore-Religare-Finvest-Limited-fraud-case-Mere-invocation-of-educational-need-without-presenting-a-concrete-details

Delhi High Court Dismisses Applications for De-Freezing of Assets in Rs. 1,260 Crore Religare Finvest Limited fraud case – “Mere invocation of educational need, without presenting a concrete, detailed, and credible plan cannot justify the sweeping relief they seek”

Court’s Decision The Delhi High Court dismissed interim applications filed by the daughters of a key accused in the Religare Finvest Limited fraud case, seeking de-freezing of bank accounts and…
Delhi-High-Court-Upholds-DRAT-Order-Allowing-Auction-of-Defaulters-Property-—-DRT-by-repeatedly-extending-time-and-setting-aside-an-auction-where-no-illegality-was-established-had-erred-in-law

Delhi High Court Upholds DRAT Order Allowing Auction of Defaulter’s Property — “DRT, by repeatedly extending time and setting aside an auction where no illegality was established, had erred in law; DRT’s final relief setting aside a lawfully conducted auction was an overreach.”

Court’s Decision The Delhi High Court dismissed a writ petition challenging the DRAT’s order dated 10.12.2018, which had reversed a DRT order that had set aside the auction sale of…