The Court recently stayed future summonses to the CEO and Joint Fund Manager of KIIFB as well to Dr. Thomas Issac, CPI(M) leader and former Kerala Finance Minister, for a period of two months.
In the plea, the MLAs have alleged that the ED was carrying out a 'fishing and roving' exercise to discredit the KIIFB and as a result scare away its various investors.
The Court issued notice to the Kerala government and the District Police Complaint Authority on the PIL to declare that the arrest/detention of persons for protesting with black flags is illegal and unconstitutional.