Trinity also said that none of the extant rules define related-party transactions when it comes to Alternative Investment Funds and that Srei group does not have a board representation since the entity is only an asset manager.
Scam 1992 team reunites for series on stamp paper fraudster Abdul Karim Telgi scroll.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scroll.in Daily Mail and Mail on Sunday newspapers.
SC Dismisses ED Petition for Attachment of Satyam Computer s FDs Worth Rs822 Crore
Moneylife Digital Team
1
The Supreme Court (SC) has dismissed a special leave petition (SLP) filed by the enforcement directorate (ED) for attaching fixed deposits (FDs) worth Rs822 crore of erstwhile Satyam Computer Services Ltd.
In a regulatory filing, Tech Mahindra Ltd, who took over Satyam Computer Services in 2012, says, The SC vide order dated 26 February 2021 has dismissed the SLP filed by the Directorate of Enforcement, Hyderabad, for provisional attachment of fixed deposits aggregating to Rs822 crore pursuant to Section 5(1) of Prevention of Money Laundering Act (PMLA), 2002, of erstwhile Satyam Computer Services.