PMLA Tribunal partly overturns ED’s asset seizures against builder Bhosale in Yes Bank-DHFL Case
Indian Express·2h ago·Neutral
What Happened
A PMLA Appellate Tribunal partially overturned the Enforcement Directorate's asset seizures against Pune builder Avinash Bhosale in the Yes Bank-DHFL case. The tribunal set aside most provisional attachments made in 2022 but upheld attachments on properties worth Rs 25 crore. Originally, the ED had seized assets worth Rs 163 crore. The tribunal found the ED lacked legal authority to label transactions between Bhosale and developer Chhabria as commercially irrational without supporting evidence in official documents.
Key Entities
Avinash BhosaleEnforcement DirectoratePMLA Appellate TribunalYes BankDHFLRana KapoorSanjay Chhabria