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2022 Supreme(Kar) 475

M. NAGAPRASANNA
C. Uma Reddy, D/o C. V. Reddy – Appellant
Versus
Directorate of Enforcement Government Of India – Respondent


Advocates:
Advocate Appeared:
For the Appellant :SRI SANDESH J.CHOUTA, SR.ADVOCATE A/W SRI SAMPREETH V., ADVOCATE
For the Respondent:SRI MADHUKAR DESHPANDE, ADVOCATE

ORDER :

The petitioners call in question a provisional attachment order in order No.5/2022 dated 01.08.2022, whereby, the movable and immovable properties of the petitioners are provisionally attached in exercise of powers conferred under Section 5(1) of the PMLA.

2. Shorn of unnecessary details, facts in brief, that leads the petitioners to this Court, are as follows:

The 1st petitioner runs certain businesses and manages supply and marketing of flowers purchased from farmers and circulates it into retail market through her establishment in the name and style of ‘M/s Keona’. The other business of the 1st petitioner concerns telecom infrastructure, through a company established for the purpose by name Kavveri Telecom Infrastructure Limited (hereinafter referred to as ‘the Company’ for short). A loan was availed by the Company at the hands of Dena Bank, J.C.Road Branch. Alleging that the loan had been used for purposes other than for which it had been taken, certain proceedings come to be initiated against the petitioners and several others by the Central Bureau of Investigation on 27.07.2017 in R.C.No.10 of 2017, against the Directors of the Company and arraigning some of the petition

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