High Court of Kerala Dismisses Writ Appeal Filed by Cochin Minerals Against Enforcement Proceedings
Cochin Minerals & Rutiles Ltd has confirmed that a writ appeal, challenging certain proceedings related to an ECIR, has been dismissed by the Hon'ble High Court of Kerala. The court delivered its judgment on June 5, 2026, upholding the order issued by a learned Single Judge.The litigation involved Cochin Minerals and four other parties who had filed the Writ Appeal before the Division Bench. The challenge related to the refusal of a single judge to quash the ECIR and associated proceedings.
The Division Bench determined that the registration of a scheduled offence is not a prerequisite for conducting civil action or inquiry under PMLA, thereby upholding the previous order and dismissing the appeal.
Details concerning the dispute are summarized below:
| Particulars | Details |
|---|---|
| Opposing Party | Directorate of Enforcement (ED), Kochi Zonal Office |
| Court Where Litigation Was Filed | Hon'ble High Court of Kerala |
| Date of Order | 05.06.2026 |
| Details of the Dispute | The company and four others filed a Writ Appeal against the Learned Single Judge’s refusal to quash the ECIR and related proceedings. |
| Outcome | The Division Bench dismissed the appeal, holding that registration of a scheduled offense is not required for civil action or enquiry under PMLA. |
The company stated that it does not anticipate any impact on its financial standing, operations, or other activities resulting from this outcome.
Stock Price Movement
Cochin Minerals & Rutiles Ltd. shares settled on Friday at ₹257.65, edging higher after climbing 0.90%. The stock moved throughout the day between an intraday low of ₹254.00 and a high of ₹260.70.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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