2G Scam: DB Realty to move court against ED decision to attach property

MUMBAI Realty developer DB Realty is planning to move court against the Enforcement Directorate's notice to attach properties of the company in connection with 2G telecom spectrum allocation scam, said a company official.

"We will move the court against any such order," said N Shridhar, group director, business strategy and finance. However, he also added that the company has not received any such notice yet.

"DB has no relation with Swan Telecom or any other entity sought to be implicated in this matter. Therefore, any attachment of properties of DB or associate companies will be ultra vires," he said. This will not impact the realty developer's normal business operations, he added.