Delhi High court quashes PMLA proceedings, LOC against Indiabulls, employees

The High Court held that once the Bombay High Court has quashed the FIR which formed the predicate offence, ED proceedings cannot continue.

The Delhi High Court on Monday quashed the Enforcement Directorate (EC) proceedings against Indiabulls Housing and Finance Limited (IHFL) and its employees as well as the Look Out Circular (LOC) issued against them.

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