Sikandar Singh vs Directorate of Enforcement

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2025 Supreme(P&H) 743

PUNJAB AND HARYANA HIGH COURT AT CHANDIGARH
MAHABIR SINGH SINDHU
Sikandar Singh – Appellant
Versus
Directorate of Enforcement – Respondent

Advocates Appeared:
For the Appellant :Mr. Vikram Chaudhri, Sr. Advocate (through V.C) with Mr. Jatin Sehgal, Advocate (through V.C), Mr. Raymon Singh, Advocate (through V.C) and Ms. Hargun Sandhu, Advocate
For the Respondent:Mr. Zoheb Hossain, Special Counsel (through V.C) with Mr. Lokesh Narang, Senior Panel Counsel, Ms. Subhleen Dhariwal, Advocate, Mr. Suradshish Vats, Advocate for the respondent

JUDGMENT :

Mahabir Singh Sindhu, J.

1. Present Second petition has been filed, under Section 483 of the Bharatiya Nagarik Suraksha Sanhita, 2023 (for short, "BNSS"), read with 167(2) of the Code of Criminal Procedure, 1973 (for short, "Cr.P.C.") with a prayer to forthwith release the petitioner on bail/default bail in ECIR/GNZO/20/2021, dated 16.11.2021, registered at Gurugram Zonal Office, Directorate of Enforcement (for short, "E.D."), under Sections 3 & 4 of Prevention of Money Laundering Act, 2002 (for short, "PMLA").

2. BRIEF FACTS:-

2.1 M/s Mahira Homes Pvt. Ltd is the holding company of various other associate companies, including M/s Sai Aaina Farms Pvt. Ltd. (for short, "SAFPL"), M/s Czar Buildwell Pvt. Ltd. (Presently Mahira Buildwell Pvt. Ltd.) (for short "M/s Czar") and M/s Mahira Buildtech Pvt. Ltd. (for short "M/s Mahira Buildtech"), which are dealing with construction projects in Sectors 68, 103 & 104; respectively, at Gurugram.

2.2 On 17.05.2016, the SAFPL applied for an affordable Housing Project under Pradhan Mantri Awas Yojana-Urban for construction of 1500 Flats in the land measuring 9.96875 acres, situated in revenue estate of Village Badshahpur, Sector 68, Gurugram