[KIIFB vs ED] Repeated summons for same documents seem to indicate lack of application of mind: Kerala High Court

The KIIFB had approached the court challenging the summons issued by the ED in connection with alleged violations of the Foreign Exchange Management Act (FEMA) when it issued 'Masala Bonds'.
Kerala HC, KIIFB
Kerala HC, KIIFB

The Kerala High Court on Tuesday observed that the repeated issuance of summonses by the Enforcement Directorate (ED) to the Kerala Intrastructure Investment Fund Board (KIIFB), for procuring the same documents, indicated lack of application of mind on the part of the Central agency [Kerala Infrastructure Investment Fund Board v Director, Directorate of Enforcement]

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