Opto circuits vs axis bank

Author: xkzx

August undefined, 2024

WebJul 25, 2024 · OPTO Circuits (India) Limited (‘ CD ') had approached ICICI Bank Limited (‘ FC ') for various credit facilities and availed non-fund based working capital facilities of a stand-by letter of credit by way of Credit Agreement Letters. Thereafter, default was committed by the CD to the tune of Rs. 1,07,85,59,340.96/-. WebHowever, the recent decision of the Supreme Court in Opto Circuit India Ltd. vs. Axis Bank and Ors[18] observed that the PMLA is a standalone enactment which contains a provision for seizure including the freezing of accounts. As such, the power and procedure for seizure provided under the PMLA has to be complied with.

The PMLA – is the net cast too wide? India Corporate Law

WebFeb 4, 2024 · The appellant, OPTO Circuit India Ltd. while assailing the order passed by the High Court contended that the freezing of the bank accounts maintained by the appellant company has prejudiced the appellant, inasmuch as, the amount in the account which belongs to the appellant is made unavailable to them due to which statutory payments to … WebFeb 15, 2024 · In Opto Circuit v. Axis Bank, the Supreme Court held that freezing of bank accounts of the accused undertaken without strict compliance with the pre-conditions … hifiman 400i replacement cables

Authority to record the belief of Commission of act before

WebJul 23, 2024 · Scope of ED’s power to freeze bank accounts under Prevention of Money Laundering Act, 2002 Supreme Court: The 3-judge bench of SA Bobde, CJ and AS Bopanna* and V. Ramasubramanian, JJ has held that under the Prevention of Money -Laundering Act, 2002, though the Directorate of Enforcement is vested with sufficient power to freeze the … WebOct 28, 2024 · Home Tags OPTO Circuit India Ltd. v. Axis Bank & Ors. Tag: OPTO Circuit India Ltd. v. Axis Bank & Ors. An analysis of the Prevention of Money Laundering Act, … WebFeb 3, 2024 · Opto Circuit India Ltd. (S) v. Axis Bank And Others (S). Supreme Court Of India Feb 3, 2024 Subsequent References CaseIQ TM (AI Recommendations) Opto Circuit India … how far is ashford kent from london

OPTO Circuit India Limited v/s Axis Bank & Others

Creditors Can Restore Corporate Insolvency Resolution Process ... - Mondaq

WebFeb 19, 2024 · Introduction . Today we will discuss the latest judicial pronouncement of OPTO Circuit India Ltd. v. Axis Bank & Ors., Criminal Appeal No. 102/2024, wherein the … WebFeb 19, 2024 · Today we will discuss the latest judicial pronouncement of OPTO Circuit India Ltd. v. Axis Bank & Ors., Criminal Appeal No. 102/2024, wherein the Court discussed the scope and the power of freezing bank accounts by the authorities under the Prevention of Money Laundering Act, 2002 (in short, “ PMLA ”). hifi lvWebCOMPANY’S PERFORMANCE ON STANDALONE BASIS Standalone total revenue was at Rs.6,346.46 Lakhs for the financial year ended 31st March 2024 as against Rs.5,038.01 lakhs for the corresponding financial year ended March 31, 2024, a incline of 26 %. hifi mains lead

"WebFeb 3, 2024 · OPTO Circuit India Limited v/s Axis Bank & Others Criminal Appeal No. 102 of 2024 (Arising out of SLP (Criminal) No. 4171 of 2024) ... "Sec. 2(v) - "property" - means any property or assets of every description, whether corporeal or incorporeal, movable or immovable, tangible or intangible and includes deeds and instruments evidencing title to ... " - Opto circuits vs axis bank

Opto circuits vs axis bank

Explained: Scope of ED’s power to freeze bank accounts ... - SCC …

WebThe case of OPTO Circuit India Ltd. v. Axis Bank & Ors. This case of OPTO Circuit India Ltd. Vs. Axis Bank & Ors (2024), came as an appeal before the Supreme Court. It was adjudged by a bench consisting of Hon’ble Justice A.S Bopanna, Hon’ble Justice S.A Bobde, Hon’ble Justice V Ramasubramanian. WebS.A. Bobde, A.S. Bopanna, V. Ramasubramanian, JJ. OPTO Circuit India Ltd. – Appellant Versus Axis Bank & Ors. – Respondents Criminal Appeal No.102 of 2024 (Arising out of …

Did you know?

WebFeb 3, 2024 · OPTO Circuit India Ltd. Versus Axis Bank & Ors. Prevention of Money Laundering Act, 2002 Tags Money Laundering Supreme Court of India (Full Bench (FB)- … WebFeb 3, 2024 · OPTO Circuit India Ltd. Versus Axis Bank & Ors. Prevention of Money Laundering Act, 2002 Tags Money Laundering Supreme Court of India (Full Bench (FB)- Three Judge) Appeal (Crl.), 102 of 2024, Judgment Date: Feb 03, 2024 OPTO Circuit India Ltd. Versus Axis Bank & Ors. Back to Judgments Back to Judgments

WebICICI Bank Limited v M/s. Opto Circuits (India) Limited. Facts The Bank (Financial Creditor) had extended some credit facilities to the Corporate Debtor, who defaulted. Pursuant to such default, the Bank initiated proceedings before NCLT Bengaluru under Section 7 of IBC. Consequently, initiated CIRP against the Corporate Debtor. The Corporate ... WebMar 16, 2024 · The High Court in this regard referred to OPTO Circuit India Ltd. vs. Axis Bank where Supreme Court observed that before directing freezing of bank accounts under Prevention of Money Laundering ...

WebSep 11, 2024 · Latest Judgments Opto Circuit India Ltd v. Axis Bank and Others September 11, 2024 Petition (s) for Special Leave to Appeal (Crl.) No (s). 4171/2024 Issue notice … WebOpto Circuit India Ltd. vs Axis Bank on 13 January, 2024 1 ITEM NO.13 Court No.1 (Video Conferencing) SECTION II-C S U P R E M E C O U R T O F I N D I A RECORD OF …

WebFeb 22, 2024 · A three-judge Bench of the Supreme Court, comprising Chief Justice of India SA Bobde and Justices AS Bopanna and V Ramasubramanian, on February 3, allowed an appeal filed on behalf of OPTO Circuit India Ltd. challenging an August 2024 order passed by the Karnataka High Court.

WebOPTO Circuit India Ltd. Vs. Axis Bank [February 03, 2024] 10. Neelam Manmohan Attavar Vs. Manmohan Attavar (D) through LRS. [February 05, 2024] 11. Joginder Vs. State of Haryana [February 05, 2024] 12. Gajanan Babulal Bansode Vs. State of Maharashtra [February 05, 2024] 13. Boloram Bordoloi Vs. Lakhimi Gaolia Bank [February 08, 2024] 14. hifi lyssWebFeb 3, 2024 · The respondent No. 4 in the counter affidavit has stated that the action initiated against the appellant is based on the complaint dated 02.11.2024 made by the … how far is ashland ohioWebOpto Circuit India Limited v. Axis Bank and Others, (2024) 6 SCC 707 79 5. Ramesh Bhavan Rathod v. Vishanbhai Hirabhai Makwana Makwana (Koli) & Anr., AIR 2024 SC 2011 90 6. Satender Kumar Antil v. CBI and Another, (2024) 10 SCC 773 123 7. Nathu Singh v. State of Uttar Pradesh and Others, (2024) 6 SCC 64 127 8. P. Chidambaram v. hifi magazines onlineWebFeb 2, 2024 · Leave granted. 2. The appellant is before this Court assailing the Signature Not Verified Digitally signed by Sanjay Kumar order dated 13.08.2024 passed by the High … how far is ashland va from meWebOPTO CIRCUIT INDIA LTD. v. AXIS BANK, Crl.A. No.-000102-000102 / 2024, HON'BLE MR. JUSTICE A.S. BOPANNA how far is asheville nc from winston salem ncWebOPTO Circuit India Limited Vs. Axis Bank & Others CDJ 2024 SC 066 03.02.2024 Prevention of Corruption Act, 1988 – Section 13 to 13 (i) (d) Prevention of Money Laundering Act, 2002 – Section 2 (i) (x) and (y) 17 Indian Penal Code 1860. Section 120 (B) 420, 468 and 471, Account of appellant company freezed. Scope of how far is asheville to charlotte ncWebOPTO Circuit India Ltd. .…Appellant(s) Versus Axis Bank & Ors. …. Respondent(s) J U D G M E N T A.S. Bopanna, J. Leave granted. 2. The appellant is before this Court assailing the ... how far is ashland from bayfield wi