Union Bank of India is fighting to evict ED from farmhouse office in South Delhi
According to areport carried out by Indian Express on Friday, the farmhouse currently houses the Gurugram Zonal office of India’s anti money laundering agency. The report said the property is stated to be worth ₹120 crores.
At present, the matter of Union Bank of India vs Assistant Director, Directorate of Enforcement is pending before Punjab and Haryana High Court where the bank has challenged a Panchkula Court order for confiscation of the property in a case under Prevention of Money Laundering Act (PMLA).
Bar & Bench explains how the FarmHouse 22 got caught up in litigation and the legal questions surrounding the property.
At present, the matter of Union Bank of India vs Assistant Director, Directorate of Enforcement is pending before Punjab and Haryana High Court where the bank has challenged a Panchkula Court order for confiscation of the property in a case under Prevention of Money Laundering Act (PMLA).
Bar & Bench explains how the FarmHouse 22 got caught up in litigation and the legal questions surrounding the property.