JUDGMENT :

T.S. SIVAGNANAM, J.

1. This intra court appeal filed by the writ petitioner is directed against the order dated 16.06.2023 in WPA No. 12335 of 2023. The said writ petition was filed by the appellant praying for issuance of a writ of declaration that the adjudicating authority under the provisions of the Preventing of Money Laundering Act, 2002 (the Act), the first respondent herein is statutorily incompetent to take up the case of the appellant in respect of OA No. 798 of 2023 and consequently to quash the said proceedings.

2. The facts leading to the filing of the writ petition are that the first appellant was awarded a DGS and D rate contract for supply of its products namely desktop, computers, laptops and computers peripherals to the Government sector which were produced under the brand named “CHIRAG.”

3. In June 2011, IDBI Bank and the appellant entered into a loan syndication agreement they becoming the lead banker. On 01.02.2023, State Bank of Patiala (presently the State Bank of India) entered the consortium bankers who agreed to release to sanction limit of Rs. 50 crores upon receipt of a no-objection certificate from IDBI Bank. It is stated that IDBI Bank to be iss