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The Supreme Court today stayed the Enforcement Directorate (ED) from provisionally attaching Sun TV Networks’ assets worth ₹742 crore in the Aircel-Maxis deal case.
A Bench of Chief Justice HL Dattu and Justice Amitava Roy, however, clarified that the period of 180 days stipulated under the Prevention of Money Laundering Act to conclude proceedings to attach assets after issuance of a notice, will not expire during the pendency of the present plea of Sun TV.
“In view of the last order passed by this court, the provisional attachment process will not expire after the conclusion of 180 days,” it said.
Senior advocate Anand Grover, appointed by the apex court as special prosecutor to conduct 2G trial, said he had “no problem” with the staying of proceedings and the Bench should only specify that the statutory period of 180 days does not expire due to the stay.
Sun TV Network had moved the apex court after the Madras High Court refused to hear its plea against the provisional attachment on the ground that the case was linked to the 2G spectrum scam.
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