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ED penalty against Dinakaran: HC adjourns matter

<p>The Madras High Court today adjourned to the third week of June an appeal by the ED to set aside the order of a single Judge, refusing to adjudicate AIADMK Deputy General Secretary, TTV Dinakaran under insolvency laws</p>

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Chennai: The Madras High Court today adjourned to the third week of June an appeal by the ED to set aside the order of a single Judge, refusing to adjudicate AIADMK Deputy General Secretary, TTV Dinakaran under insolvency laws.

The Enforcement Directorate had issued insolvency notice to Dinakaran for recovering Rs 28 crore penalty from him for alleged Foreign Exchange Regulation Act violations. Dinakaran had filed a petition in the high court against it and a single Judge had allowed his petition.

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