Will there be changes in the powers of ED? Supreme Court will decide in April

Will there be changes in the powers of ED? Supreme Court will decide in April

The Supreme Court on Thursday said that it would decide in April whether there is a need to reconsider his decision in the year 2022, which maintains the arrest of the accused under the Prevention of Money Laundering Act (PMLA) and the powers of the Enforcement Directorate (ED), or not.

A bench of Justice Surya Kant and Justice N. Kotishwar Singh said that a bench of three judges was to hear the case, but was wrongly listed before him.

Solicitor General Tushar Mehta, appearing for the Center, agreed to the bench and said that the hearing should be held in the late April or the first week of May.

Senior advocate Kapil Sibal, who is representing the petitioner, said that a bench of three judges should hear the case at the earliest.

Justice Surya Kant said that he had ordered the matter to be listed before a three -judge bench of the administrative side and wondered how it was presented before a bench of two judges.

He said, “We will tell you a certain date, but the matter will not be heard before the end of April.”

The apex court was hearing petitions requesting reconsideration of a three -judge bench on some parameters on the verdict of a three -judge bench.

The Supreme Court, in its judgment of 27 July 2022, retained the powers of the ED of attachment and seizure of property involved in arrest, search and money refinement under the PMLA.

In August 2022, the apex court agreed to hear the petition requested for reconsideration on its decision of July 2022. The court had said that two aspects-enforcement cases not providing information report (ECIR) and innocent’s notion, there is a need for “prima facie” reconsideration.

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