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PRATHIBA M. SINGH
Rbl Bank Ltd. – Appellant
Versus
Deputy Director Directorate of Enforcement – Respondent
JUDGMENT
Prathiba M. Singh, J. (Oral)--This hearing has been done through hybrid mode.
CM APPL. 26931/2023 (for exemption)
2. Allowed, subject to all just exceptions. Application, is disposed of.
W.P.(C) 6916/2023 & CM APPL. 26932/2023(for delay)
3. The present petition challenges the impugned attachment order passed by the adjudicating authority under the provisions of the PMLA. Initially, in the Original Complaint No. 1526/2021 a provisional attachment order, PAO No. 05/2021 was passed on 25th August, 2021 which has now been confirmed by the adjudicating authority on 26th May, 2022.
4. The case of the Petitioner-RBL Bank is that a property referred to as No. 2696, Ward No. 16, part of Khasra No. 193/194, Block L, Gali No. 1. Naiwala Estate, Beadonpura, Karol Bagh, New Delhi-110005 (hereinafter `subject property') was mortgaged with the bank which was purchased by Ms. Sunanda Kumar.
5. The grievance of the Petitioner is that in the proceedings before the adjudicating authority under the PMLA the Petitioner was never heard and no notice was issued to the Petitioner either at the stage of investigation or in the proceedings before the adjudicating authority. The only notice given t
The appeal process to the Appellate Tribunal under Section 26 of the PMLA Act is available to persons aggrieved by an order made by the Adjudicating Authority.
The court's decision was primarily based on the provisions of the Prevention of Money Laundering Act, 2002 (PMLA, 2002), specifically regarding the appellate remedy, exclusion of pendency period for ....
The central legal point established in the judgment is the need for comprehensive consideration of the issue by the Appellate Tribunal under the PMLA Act and the implications of the establishment of ....
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