1. The petitioner has filed the present writ petition seeking to challenge the provisional order of attachment, dated 05.10.2010 passed under Section 5(1) of the Prevention of money Laundering Act, 2002 (for short POMLA) by the second respondent Deputy Director of Enforcement, POMLA as well as the consequential complaint No.70/2010, dated 01.11.2010 pending on the file of the Adjudicating Authority under the POMLA, New Delhi.

2. The writ petition was admitted on 10.1.2011. Pending the writ petition, this court had granted an interim stay for a period of four weeks in M.P.No.2 of 2011. In the application in M.P.No.3 of 2011 for suspension of provisional attachment of moveable assets of the petitioner, only notice was ordered. Aggrieved by the interim order, the second respondent has filed a vacate stay application in M.P.No.4 of 2011. When that application came up for hearing, with the consent of both parties, the main writ petition itself was taken up for hearing.

3. Heard the arguments of Mr.R.Subramanian, learned Senior Counsel leading Mr.S.D.Venkateswaran, learned counsel appearing for petitioner, Mr.M.Dhandapani, learned Central Government Standing Counsel appearing