It was ruled by the Telangana High Court in the case that the SCN should comprise the information on fraud, wilful misstatement, or suppression of facts for cancelling the GST registration as under Section 29(2)(e) of CGST Act, 2017. Justice Sujoy Paul and Justice N. Tukaramji marked that “Needless to mention that the show cause notice dated 09.11.2023 became the foundation for issuance of orders dated 29.11.2023 and 23.02.2024 since the foundation cannot sustain judicial scrutiny, the entire edifice of orders passed thereupon are liable to be jettisoned.” T S…
Tag: fraud
Padma Shri awardee Sundar Menon arrested for ‘Rs 7-crore investment fraud’ | India News
Padma Shri awardee Sundar Menon, chairman of Sun Group International, was arrested on Sunday for allegedly defrauding investors of Rs 7 crore. He was remanded to judicial custody by a court in Thrissur. According to police, Menon faces 18 cases of alleged cheating. He had allegedly accepted investment from the public on behalf of two firms – Heewan Nidhi Limited and Heewan Finance – of which he was one of the directors. According to Thrissur City Police Commissioner R Ilango, Menon did not repay the investors upon the maturity of…
ED searches locations in Mumbai, Karjat, Baramati and Pune over sugar mill’s bank loan fraud case | Mumbai News
The Enforcement Directorate (ED) has conducted searches at various locations in Mumbai, Karjat, Baramati and Pune in a money laundering case linked to a bank loan fraud case against Shree Shiv Parvati Sakhar Karkhana Limited, M/s. Hitech Engineering Corporation India Pvt. Ltd. and their directors Nandkumar Tasgaonkar, Sanjay Awate and Rajendra Ingawale. The agency carried out the search operations under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 and seized various incriminating documents, digital devices and cash of Rs 19.5 lakh, the central agency said on Wednesday.…