ET: Gitanjali RP seeks to implead ED

10 July 2019: The resolution professional (RP) of Gitanjali Gems, a jewellery retailer promoted by absconding Mehul Choksi, is seeking to implead the Enforcement Directorate (ED) and the Serious Fraud Investigation Office (SFIO) in the insolvency resolution case since certain assets are still held by the investigation agencies.

On Tuesday, Ankita Singhania, an advocate, appearing for the RP, informed the Mumbai bench of the National Company Law Tribunal (NCLT) that investigation agencies, including ED, CBI and SFIO, had attached properties of Gitanjali Gems and later the attachment was lifted on certain assets, but the RP is keen to implead the two government agencies to ascertain the details of assets owned by the company.

The Economic Times reported

Categories: Corporate Governance

Tags: , , ,

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: