Gurugram, June 18 (IANS) In cases related to the SRS Group, the PMLA Special Judge at Gurugram has ordered restitution of immovable properties valued at Rs 281.85 crore to 12 genuine home buyers, the Enforcement Directorate (ED) said on Thursday. The move to restore the Proceeds of Crime (PoC) to the rightful claimants follows the Special Judge’s separate orders dated May 19, June 4 and June 11, the ED said in a statement.The Special Judge also directed the distribution of a share of the PoC to …
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New Delhi, June 11 (IANS) The National Company Law Tribunal (NCLT) on Thursday admitted a plea filed by the State Bank of India (SBI) and initiated personal insolvency resolution proceedings against industrialist Anil Ambani in his capacity as a personal guarantor for loans extended to Reliance Communications (RCOM) and Reliance Infratel Ltd (RITL). A bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar passed the order while admitting the SBI’s application filed …