High Court Says To Maintain Status Quo Till Appellate Tribunal Hears Appeal In PMLA Case Against MLA Ratnakar Gutte
MUMBAI: Bombay high court bench of Justices Gautam Patel and Madhav Jamdar on Wednesday directed parties to maintain status quo in the money laundering case against Maharashtra Member of Legislative Assembly (MLA) from Rashtriya Samaj Paksha, Ratnakar Manikrao Gutte , till an appeal filed against an attachment order is taken up before the PMLA Appellate Tribunal . The appeal against an attachment order is a statutory right. The HC also additionally restrained against taking further coercive steps in relation to Gutte’s properties in the interim. The Directorate of Enforcement (ED) had filed a case under the Prevention of Money Laundering Act (PMLA) against Gutte in connection with an alleged Rs 635-crore bank fraud. The Yogeshwary Hatcheries Pvt Ltd and Gangakhed Solar Power Pvt Ltd are among the assets worth Rs 225 crore associated that ED attached including Gangakhed Sugar & Energy Ltd of which Gutte is the chairperson. Yogeshwari Hatcheries and Gangakhed Solar Power Pvt Ltd