Bombay High Court dismisses Jet Airways founder Naresh Goyal's plea against 'illegal' arrest by ED
The Hindu
Mumbai High Court dismisses Jet Airways founder Naresh Goyal's plea challenging arrest in money laundering case. Court says he can avail other statutory remedy like bail plea. ED says plea was false, frivolous, vexatious and filed with ulterior motive.
The Bombay High Court on November 7 dismissed a petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest by the Enforcement Directorate in a money laundering case linked to bank loan default.
A division bench of Justices Revati Mohite Dere and Gauri Godse said the petition cannot be entertained and hence is dismissed.
The court said it was open for Mr. Goyal to avail other statutory remedy like bail plea.
Mr. Goyal had filed a habeas corpus (produce the person) petition in which he claimed he was illegally arrested by the ED in the case.
In his plea, Mr. Goyal claimed his arrest was illegal as it was done without following provisions of the Prevention of Money Laundering Act (PMLA).
He also challenged orders of a special court which had first remanded him in the ED's custody and thereafter in judicial custody.
The ED opposed the plea and said the arrest was done after following the due process of law.
Davos prepares for the 2026 World Economic Forum with unprecedented security measures as global leaders gather amidst planned protests.
Mercedes-Benz India CEO advocates for rationalizing customs duties on luxury cars to boost demand and tax revenue in India.
IDBI Bank's Q3 net profit rises slightly to ₹1,935 crore, with total income and interest income declining.
HDFC Bank Ltd., India’s largest private sector bank, reported 11.5% growth in net profit for the quarter ended 31 December 2026 at ₹18,654 crore compared with ₹16,735.5 crore a year ago.
When Union Minister for Road Transport and Highways, Nitin Gadkari, recently spoke about the transformative potential of Vehicle-to-Vehicle (V2V), a technology for autonomous driving in India, he framed it as a critical lever for safer roads, smarter traffic management and future-ready mobility. That vision is already finding concrete expression inside Samsung Electronics-owned HARMAN Automotive’s India operations, which are emerging as a global hub for software-defined and connected vehicle technologies, says Krishna Kumar, Managing Director and Automotive Head, HARMAN India.
Instituting production-linked incentive (PLI) schemes to curtail import dependency on critical components in the longer-term, and rationalising import duties for support in the short term, forms the core of the wind energy producers’ wish list in the upcoming Union Budget.
ICICI Bank Ltd., the second largest private sector bank, for the third quarter ended 31 December 2025 reported 4% drop in net profit to ₹11,318 crore as compared to ₹ 11,792 crore in the year ago period on account of making additional standard asset provision of ₹1,283 crore during the quarter as per direction of the Reserve Bank of India (RBI).
HDFC Bank's Q3 profit rises 12% to ₹19,807 crore, driven by increased net interest and non-interest income.
RBL Bank's Q3 net profit skyrockets 555% to ₹214 crore, driven by improved asset quality and strong retail advances.
Yes Bank's Q3 net profit rises 55% to ₹952 crore, showcasing improved asset quality and growth in key financial metrics.
India's GTRI calls for a comprehensive overhaul of import tariffs and customs processes to enhance trade efficiency and boost exports.
Equity markets NSE and BSE will operate normally on Budget day, February 1, 2026, for live trading sessions.
OpenAI announced Friday it will begin testing advertisements on ChatGPT in the coming weeks