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2019 (4) TMI 1834 - HC - Money LaunderingAttachment of Bank account of petitioner and his wife - alleged defaults of the Company - case of petitioner is that the petitioner resigned as a Director of M/s. Kaushik Global Logistics Limited in 2016, still the accounts are attached - HELD THAT:- The petitioner is one of the three brothers of the persons involved in the management and affairs of the Company. The petitioner was a director of the Company till his resignation in 2016. Mere resignation as a Director may not suffice in the facts of a given case - The petitioner may still be in control of the management and affairs of the Company through stooges and henchmen. The changes against the petitioner and the persons in control and management of the Company are serious. There are serious allegations of fraud which are being investigated into - The contention that the company is a separate legal entity and that, the petitioner has nothing to do with regard thereto cannot be accepted at this stage. The corporate veil of a company cannot be utilized for the purpose of perpetuating frauds. Let affidavit in opposition be filed within four weeks from date, reply thereto, if any, be filed two weeks thereafter - The writ petition will be treated as ready for hearing immediately on completion of the time stipulated for filing affidavits.
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