The Delhi High Court has previously placed a hold on actions against Munjal taken by the Directorate of Revenue Intelligence. In a recent development, the court has now put a stop to the Enforcement Directorate (ED) activities concerning Pawan Kant Munjal, the Chairman of Hero MotoCorp.
Justice Saurabh Banerjee issued a provisional order halting the money laundering case against Munjal, which was based on a case brought by the Directorate of Revenue Intelligence (DRI). This case had been stayed by the same court earlier on November 3. The court emphasized that the suspension applies exclusively to Munjal and does not impede the ED’s ongoing inquiry into other parties involved.
The subsequent session to review the case has been scheduled for March 21. The Directorate of Revenue Intelligence had accused Munjal, along with SEMPL—a third-party service provider—and others, including Amit Bali, Hemant Dahiya, and K R Raman, of engaging in the unlawful export and attempted export of banned commodities, specifically foreign currency, around a year ago.
They were detained under various sections of the Customs Act, 1962, specifically sections 135(1)(a), (b), and (c) in conjunction with section 135(1)(i)(A).
In relation to the case filed by the DRI, the Enforcement Directorate charged Munjal and others under several sections of the Prevention of Money Laundering Act (PMLA).
Following this, the High Court has put the ED proceedings against Munjal on hold.
