ED Appeal Dismissed in PMLA Case Over Freezing of Bank Accounts and Payment of Employee Salaries: Karnataka High Court
A significant judgment was delivered by the High Court of Karnataka at Bengaluru on 9 March 2026 in a dispute between the Directorate of Enforcement under the Ministry of Finance and Zo Private Limited. The case arose from the freezing of bank accounts of Zo Private Limited during an investigation under the Prevention of Money Laundering Act 2002. The Enforcement Directorate challenged an earlier order of a Single Judge that…
