Supreme Court Throws a Curveball: Rathi Steel & Kushal Kumar Agarwal’s Legal Battle Hits Pause!

In a dramatic twist, the Supreme Court has suspended all proceedings against Rathi Steel and Power Ltd and its executive director Kushal Kumar Agarwal in the high-profile money laundering case involving the coal allocation scam. The top court's move follows the company and its executive filing a challenge to the Enforcement Directorate's prosecution complaint and the procedure of their summoning.

 

Key highlights:

In spite of ED's opposition, the Supreme Court had seen substance in the plea of the company and directed a stay on all proceedings pending further orders, giving the substantial temporary relief to both Agarwal and Rathi Steel.

This stay may be followed by precedent in similar cases when new procedural protection under BNSS is invoked.

 

Sources: Economic Times, Supreme Court of India Cause List