Overview

• Prabir Purkayastha and Pranjal Pandey received anticipatory bail and their 2021 petitions were formally disposed of by the court.
• Allegations contend that PPK Newsclick Studio Pvt Ltd overvalued its shares to channel about ₹9.6 crore in foreign direct investment beyond the 26% cap.
• The ED’s money laundering probe launched in February 2021 and the EOW case stemming from an August 2020 FIR remain active.
• A 2023 UAPA case alleging Chinese-linked funding against Purkayastha was overturned by the Supreme Court in May 2024.
• The case has fueled debate over the application of stringent financial and national security laws against critical media outlets.