Technoglitch
Core Member
The Madras High Court today dismissed a petition filed by Kalanithi Maran's Sun TV Network against an Enforcement Directorate (ED) order that had attached the company's properties in the Maxis-Aircel case.
Justice M Sathyanarayanan dismissed the petition, saying that it is not maintainable since the money laundering matters related to the case are under the Supreme Court's consideration.
He added that the company can approach the Supreme Court.
Earlier, the Counsel for ED argued that the matter is pending with the Supreme Court, where the 2G spectrum and related matters are being heard.
Senior counsels Kapil Sibal and P S Raman, who appeared for Sun TV, however, argued that the company is not an accused in the case pending with the Supreme Court.
Raman argued that while the attachment order is for alleged illegal gratification of Rs 742 crore, the current market value of the properties in MRC Nagar and Boat Club Road, attached by the Directorate, is estimated to be over Rs 1,000 crore.
Maxis-Aircel case: Madras HC dismisses Sun TV's petition against ED order | Business Standard News
Justice M Sathyanarayanan dismissed the petition, saying that it is not maintainable since the money laundering matters related to the case are under the Supreme Court's consideration.
He added that the company can approach the Supreme Court.
Earlier, the Counsel for ED argued that the matter is pending with the Supreme Court, where the 2G spectrum and related matters are being heard.
Senior counsels Kapil Sibal and P S Raman, who appeared for Sun TV, however, argued that the company is not an accused in the case pending with the Supreme Court.
Raman argued that while the attachment order is for alleged illegal gratification of Rs 742 crore, the current market value of the properties in MRC Nagar and Boat Club Road, attached by the Directorate, is estimated to be over Rs 1,000 crore.
Maxis-Aircel case: Madras HC dismisses Sun TV's petition against ED order | Business Standard News
