Legal20 Apr 2026, 10:17 am
Hampton Sky Realty Faces ED Search Proceedings
AI Summary
Hampton Sky Realty Ltd. announced that the Directorate of Enforcement (ED) conducted search proceedings at its corporate office from April 17-19, 2026. The ED also searched residential premises of its Managing Director and former Managing Director. The searches were conducted under the Foreign Exchange Management Act, 1999, and Income Tax Act, 1961. Certain files were seized, and bank accounts, demat accounts, and properties were provisionally attached for 180 days. The company has stated it is cooperating fully and will provide further updates.
Key Highlights
- ED conducted search proceedings at company and director residences.
- Bank accounts, demat accounts, and properties provisionally attached.
- Searches conducted under FEMA and Income Tax Act.
- Company cooperating and providing full assistance to ED.