Cochin Minerals Loses High Court Appeal Against ED

Cochin Minerals & Rutile Ltd. and four other entities have lost their Writ Appeal before the Hon'ble High Court of Kerala. The appeal challenged the refusal by a single judge to quash an ECIR (Enforcement Case Information Report) and related proceedings by the Directorate of Enforcement. The Division Bench upheld the single judge's order, stating that the registration of a scheduled offense is not a prerequisite for civil action under PMLA. The company anticipates no financial or operational impact.