Delhi HC sets aside PMLA Tribunal order allowing frozen funds to be used for WinZO Games' salaries, statutory dues
New Delhi, Aug. 15 -- The Delhi High Court on Friday set aside an interim order passed by the Appellate Tribunal under SAFEMA allowing funds from a frozen bank account of M/s ZO Pvt. Ltd. to be used for payment of salaries of employees of WinZO Games Pvt. Ltd. and its statutory dues.
A bench comprising Justices Navin Chawla and Ravinder Dudeja directed the Tribunal to decide ZO Pvt. Ltd.'s appeal as expeditiously as possible, preferably within two months.
The High Court passed the directions while dealing with an appeal filed by the Directorate of Enforcement (ED) under Section 42 of the Prevention of Money Laundering Act (PMLA), challenging the Tribunal's July 31, 2026 interim order.
The ED was represented by Panel Counsel Vivek Gurna...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.