Story perspectives

ED files Supreme Court plea against Delhi High Court order

By Drooid · Oct 25, 2026, 4:08 AM UTC · How we work

Summary

Story summary

India’s Enforcement Directorate filed a Supreme Court Special Leave Petition to overturn Delhi High Court order.
The Delhi High Court had quashed FIR No. 0116/2020 and the ECIR on May 29, 2026.
The FIR alleged NewsClick received Rs 9.59 crore FDI from Worldwide Media Holdings LLC in 2018-19.
Enforcement Directorate said shares were priced at Rs 11,500 each to evade a 26% FDI cap.
It also cited Rs 92 crore from firms linked to actor Singham.

History

Historical Context

India replaced the restrictive Foreign Exchange Regulation Act with the Foreign Exchange Management Act on 29 December 1999, shifting from regulation to management and setting a 26 % FDI ceiling for media that capped inflows at about Rs 9.5 crore in 2005. The Enforcement Directorate’s Supreme Court petition over NewsClick’s alleged Rs 9.59 crore foreign investment revives that legacy, testing FEMA’s ongoing control of media capital.

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Story summary

India’s Enforcement Directorate filed a Supreme Court Special Leave Petition to overturn Delhi High Court order.
The Delhi High Court had quashed FIR No. 0116/2020 and the ECIR on May 29, 2026.
The FIR alleged NewsClick received Rs 9.59 crore FDI from Worldwide Media Holdings LLC in 2018-19.
Enforcement Directorate said shares were priced at Rs 11,500 each to evade a 26% FDI cap.
It also cited Rs 92 crore from firms linked to actor Singham.

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