Television

SC stays ED proceedings in Aircel-Maxis case to attach Sun TV assets

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NEW DELHI: For the second time within a month, the Supreme Court has come to the rescue of the beleaguered Sun TV group owned by the Maran brothers.

 

Earlier on 26 July, the apex Court had permitted the FM channels associated with the group to take part in the e-auctions that commenced on 27 July.

 

The SC today stayed the attachment proceedings before the Enforcement Directorate (ED) Adjudicating Authority against Sun TV assets of the Maran brothers in the Aircel-Maxis case.

 

The Court, however, said the provisional attachment order issued by the ED would stay alive even if the 180-day period for confirming the attachment order is over.

 

ED had ordered provisional attachment of assets of Sun TV worth Rs 742 crore allegedly linked to the Aircel-Maxis deal. The attachment order was under the Prevention of Money Laundering Act.

 

Sun TV had approached the Supreme Court against a Madras High Court order refusing to hear their plea against the provisional attachment on the grounds that the case was linked to the 2G spectrum scam, which is already pending before the bench headed by the Chief Justice of the apex court.

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