DB Realty approaches High Court against ED

DB Realty, one of the firms indicted in the 2G spectrum case, continues to face roadblocks.

According to news reports, the company has approached the Delhi High Court, requesting it to take appropriate steps with regard to the Enforcement Directorate?s order against it.

In so far, DB Realty has filed a Writ Petition in the Delhi High Court. This document reportedly requests the Court to ask the Enforcement Directorate to consider accepting FDRs worth Rs 2.23 billion issued in favour of the Reserve Bank of India against their property.

The real estate player also asked for its properties to be released. 

Prior to this, the Enforcement Directorate had passed an attachment order to the tune of Rs 2.23 billion against the company under the current money laundering laws. The scope of the order included immovable properties and DB Realty?s bank accounts. 

Thereafter, it is believed that the Delhi High Court has sent a notice to the Enforcement Directorate in this regard. The Enforcement Directorate, on its part, is reportedly considering obtaining a legal opinion on the subject.