Kerala HC Extends Stay on ED Notice to CM Vijayan, Others in KIIFB Masala Bond Case

• Kerala High Court extended the stay on ED's show cause notice to CM Pinarayi Vijayan, Thomas Isaac, and K M Abraham until April 6.
• The notice is related to the KIIFB Masala Bonds issue and alleged FEMA contraventions.
• The court had previously stayed proceedings for three months on December 18, 2025.
• Petitioners sought quashing of the ED notices issued in November last year.
• ED alleges land acquisition for infrastructure projects using Masala Bond funds is a real estate activity, violating RBI norms.