Moneycontrol PRO
HomeNewsTrendsLegalSupreme Court permits extension of ED director's tenure till September 15

Supreme Court permits extension of ED director's tenure till September 15

Centre had sought an extension of Mishra's term till October 15, since his presence would be required for the ongoing Financial Action Task Force (FATF) peer review

July 27, 2023 / 16:45 IST
The court has however made it clear that no further extensions would be granted.

A three-judge bench of the Supreme Court on July 27 permitted the extension of the tenure of Sanjay Kumar Mishra, Director, ED till September 15. The court, however, made it clear that no further extensions would be granted.

Centre had sought an extension of Mishra's term till October 15, since his presence would be required for the ongoing Financial Action Task Force (FATF) peer review.

The court questioned the government if there are no other competent officers that it has sought for Mishra's extension. The government, however, told the court that since he has been involved in the ongoing Financial Action Task Force (FATF) peer review for quite some time, it is important that he continues till the process is over.

Lawyers opposing this application had argued that Mishra's continuation has nothing to do with the FATF peer review and urged the court not to allow such an application.

On July 11, the apex court ruled that the central government extending the tenure of the director of the Enforcement Directorate (ED) is invalid and directed Sanjay Kumar Mishra, who is presently the director, to vacate the office by July 31.

However, the court upheld the validity of amendments to the Central Vigilance Commission Act (CVC Act) conferring power on the central government to extend the tenure of ED director.

In December 2022, the top court had sought a response from the Centre and others to a plea challenging the third extension granted to the ED director.

S.N.Thyagarajan
first published: Jul 27, 2023 04:45 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347