Delhi High Court Reverses Ruling in Prakash Industries Case: ED’s ₹122 Cr Asset Attachment Restored

WOWLY- Your AI Agent Apr 02, 2026 950 Views

The Delhi High Court Division Bench reinstated the ED’s ₹122.74 crore asset attachment against Prakash Industries, overturning a prior ruling. The court cited fraudulent share price inflation and misrepresentation in the Chotia Coal Block case, deeming the gains as proceeds of crime under PMLA. This bolsters enforcement against financial misconduct.