Indusviva

Telangana high court order puts question mark over ED attachments | Hyderabad News

HYDERABAD: In an interim order that may result in more litigation over cases overseen by the Enforcement Directorate (ED), a division bench of the Telangana high court has stayed the proceedings against Bangalore-based Indus Viva Health Sciences company currently being heard by the adjudicating authority under the Prevention of Money Laundering Act (PMLA).
The petitioner has challenged the ability of the adjudicating authority to come to a valid decision as it was working without the full quorum.
The ED

Follow norms while setting up PMLA panel - indusviva

HYDERABAD: The Telangana High Court said the appointment of Adjudicating Authority under Prevention of Money Laundering Act (PMLA), shall follow the guidelines under Section 6 of Act. The authority should comprise more than one member and one of them must be a judicial member.
The court observed that unless the adjudicating authority was constituted as per the provisions of the PMLA, then there would be no legality and validity to the proceedings initiated by the said authority.
A division bench of the High Court was dealing with the

High Court stays ED attachment of Indusviva assets*
Hyderabad: The High Court of Telangana asked the Enforcement Directorate to cease the proceedings of Adjudicating Authority to confirm the provisional attachment on the assets of IndusViva Healthsciences Pvt Ltd.

The ED had provisionally attached the assets of the Bangalore based Healthcare company, who sells their products through direct selling. The ruling was passed by the bench consisting of Chief Justice Ujjal Bhuyan and Justice CV Bhaskar Reddy in favour of the petitioner, in a writ filed by Mr Abhilash Thomas, the CEO of the comp

IndusViva Sets Remarkable Example

IndusViva Healthsciences Private Limited is a legal direct selling company established in 2014, registered under the Companies Act 1956. It follows the Central Direct Selling Guidelines 2016 and abides with the laws of the land in its conduct of operations. The company has over eight lakh direct sellers associated with it and their actions are closely watched by the company and the State Government approved Nodal authority. The company markets world-class wellness supplements that have a huge customer fan base. Despite the covid-19 crisis, the company mad