Legal26 Sept 2026, 05:40 pm
Speciality Restaurants: Enforcement Directorate Attaches ₹14.5 Cr Forfeited Amount
AI Summary
Speciality Restaurants Ltd has received a provisional attachment order (PAO) from the Directorate of Enforcement, Raipur, attaching ₹14,50,09,700/- from the company's account. This amount represents a 25% upfront payment received for warrants, which was forfeited due to the allottees' default on the remaining 75%. The attachment is for 180 days as part of a money laundering investigation. The company clarifies it is not an accused and the PAO pertains solely to the forfeited amount. While there is no immediate operational impact, the financial impact is limited to the attached sum. The company is exploring legal remedies.
Key Highlights
- Enforcement Directorate attaches ₹14.5 Cr forfeited warrant allotment amount.
- Attachment is provisional for 180 days pending investigation.
- Company not named as accused in underlying money laundering case.
- No immediate operational impact; financial impact limited to attached sum.
- Company pursuing available legal remedies.
Price Impact
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