The Supreme Court today stayed the proceedings undertaken by the Enforcement Directorate (ED) to provisionally attach Sun TV network's assets in the Aircel-Maxis deal case. However, a bench of Chief Justice H L Dattu and Justice Amitava Roy clarified that the period of 180 days to attach assets will not expire during the pendency of present plea of Sun TV. The period was stipulated under the Prevention of Money Laundering Act, PMLA, to conclude proceedings after issuance of a notice. <br/><br/>Sun TV Network had moved the apex court after the Madras High Court refused to hear their plea against the provisional attachment on the grounds that the case was linked to the 2G spectrum scam. The apex court had in July decided to take up the matter.<br/><br/>The ED had ordered provisional attachment of assets of Sun TV worth Rs 742 crore belonging to the Maran brothers and Kalanithi Maran's wife Kaveri Kalanithi in connection with its probe into alleged money laundering in the Aircel-Maxis deal in the 2G spectrum allocation scam.
News On AIR | August 21, 2015 7:41 PM
Aircel-Maxis case: SC stays ED proceedings to provisionally attach SUN TV assets