4 months ago
1
The Kerala High Court has extended up to January 13 the enactment connected the amusement origin announcement that the Directorate of Enforcement (ED) issued to the Kerala Infrastructure Investment Fund Board (KIIFB) connected the masala bonds issue. This was aft the State authorities sought much clip to record its affidavit connected the alleged Foreign Exchange Management Act (FEMA) violations successful issuing the masala bonds.
A Division Bench of the High Court had connected December 20 reserved its judgement connected an entreaty filed by the ED against a three-month interim enactment issued by a azygous justice connected a announcement issued by the ED to the KIIFB connected the utilisation of funds raised done masala bonds. The ED had initiated proceedings against KIIFB and issued announcement nether FEMA.
