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Telangana high court order puts question mark over ED attachments | Hyderabad News

HYDERABAD: In an interim order that may result in more litigation over cases overseen by the Enforcement Directorate (ED), a division bench of the Telangana high court has stayed the proceedings against Bangalore-based Indus Viva Health Sciences company currently being heard by the adjudicating authority under the Prevention of Money Laundering Act (PMLA).
The petitioner has challenged the ability of the adjudicating authority to come to a valid decision as it was working without the full quorum.
The ED

Follow norms while setting up PMLA panel - indusviva

HYDERABAD: The Telangana High Court said the appointment of Adjudicating Authority under Prevention of Money Laundering Act (PMLA), shall follow the guidelines under Section 6 of Act. The authority should comprise more than one member and one of them must be a judicial member.
The court observed that unless the adjudicating authority was constituted as per the provisions of the PMLA, then there would be no legality and validity to the proceedings initiated by the said authority.
A division bench of the High Court was dealing with the

High Court stays ED attachment of Indusviva assets*
Hyderabad: The High Court of Telangana asked the Enforcement Directorate to cease the proceedings of Adjudicating Authority to confirm the provisional attachment on the assets of IndusViva Healthsciences Pvt Ltd.

The ED had provisionally attached the assets of the Bangalore based Healthcare company, who sells their products through direct selling. The ruling was passed by the bench consisting of Chief Justice Ujjal Bhuyan and Justice CV Bhaskar Reddy in favour of the petitioner, in a writ filed by Mr Abhilash Thomas, the CEO of the comp

A case study based on the recent allegations on IndusViva

Direct Selling refers to marketing, distribution and sale of goods or providing services through a network of people. The roots of Direct Selling can be trailed back to the United States of America, which is known as the ‘Motherland of Direct Selling’. Unfortunately, the growth and success of this industry led to the development of fraud money circulation schemes in the name of Direct Selling. Since its inception, the industry has started facing several issues. It is often mistaken as a money chain or money circulation because there

After the long struggle, finally, on 26th July 2021, the Hon’ble High Court of Telangana passed an interim order on the writ petition that was filed by IndusViva Healthsciences Pvt. Ltd., directing to de-freeze all the bank accounts and not interfere with the organization’s day-to-day operations. Moreover, the court had set aside an impugned Preventive Detention order on the key people of the company on 27th September 2021.

Who are IndusViva, and what do they do?

IndusViva is a Direct Selling company that started its journey in 2014 with only 1 product. In 2021, they are the proud ow