Speciality Restaurants clarifies ED provisional attachment, says not named as accused

Speciality Restaurants clarifies it is not named as an accused in a Directorate of Enforcement provisional attachment order (PAO), but only a noticee as holder of the attached amount. The PAO attaches Rs 14.50 crore, being the 25 percent upfront amount forfeited by the company from warrant allottees who failed to pay the remaining 75 percent within 18 months. The attachment is limited to this amount in a bank account for 180 days and does not affect other assets. The company is cooperating with the ED.