JUDGMENT :

Mahabir Singh Sindhu, J.

1. Present petition has been filed, under Section 482 of the Code of Criminal Procedure, 1973, (for short, "Code"), inter alia, to set aside:-

i. the impugned order dated 29.04.2024 (P-17); thereby fresh warrants of arrest against the petitioner and co-accused were issued;

ii. order dated 01.05.2024 (P-22), vide which petitioner was remanded to the custody of Enforcement Directorate (for short, "E.D"), by learned Special Judge for a period of 05 days;

iii. order dated 01.05.2024 (P-23), whereby application filed by the petitioner under Section 227 of the Code for discharge was declined;

iv. grounds of arrest dated 30.04.2024 (P-18); arrest order dated 30.04.2024 (P-19); and arrest memo, dated 30.04.2024 (P-20) issued by E.D against the petitioner.

Brief Facts:-

2. 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.) and M/s Mahira Buildtech Pvt. Ltd., which are dealing with construction projects in Sectors 68, 103 & 104; respectively, at Gurugram.

2.1 On 17.05.2016, the SAFPL applied for an Affordable Housing Project under Pradhan Mantri Awas Yoj ana-Urban for construction of 1500 Flats in the land measuring 9.96875 acres, situated in revenue estate of Village Badhsahpur, Sector 68, Gurugram.

2.2 On the basis of above request, the Director General, Town & Country Planning, Haryana, (for short, "DGTCP") issued a Letter of Intent (LOI) vide Memo. No.LC-3298-JE(VA)2017/27074 dated 27.10.2017 in favour of SAFPL. In order to comply with the terms & conditions of the aforesaid LOI, the SAFPL furnished two Bank Guarantees issued by IDBI Bank i.e.

(i) LC No.3298 B.G No,1401381BGF00103 for an amount of Rs.2,63,23,892/- towards External Development Charges (EDC); and

(ii) LC No.3298 B.G No,1401381BGF00104 for an amount of Rs.1,24,61,000/- in lieu of Internal Development Work (IDW)

2.3 Thereafter, vide memo dated 22.12.2017, the Director, Town and Country Planning, Haryana (for short, "D.T.C.P") granted License No.106 of 2017 for construction of 1500 flats in favour of SAFPL, in Sector 68, Gurugram. Also transpires that SAFPL obtained requisite license on 02.02.2018 from Haryana Real Estate Regulatory Authority (HRERA) under the provisions of the Real Estate (Regulation and Development) Act, 2016 (for short, "Act of 2016"). On the basis of above permission/license granted by D.T.C.P/HRERA, the SAFPL collected booking amount from 1500 prospective home buyers to the tune of Rs.363 crores.

2.4 One Neeraj Chaudhary, claiming to be the Additional Director of M/s D.S. Estates & Construction Pvt. Ltd.(in one of the companies of petitioner), filed two separate complaints (Nos.COMI/486/2020 & COMI/487/2020) before learned Chief Judicial Magistrate, Gurugram (for short "CJM"), under Section 200 of the Code read with Section 156(3) thereof, for registration of FIRs against SAFPL, present petitioner as well as other co-accused.

2.5 Learned CJM, vide order dated 07.01.2021 (P-1), directed the Station House Officer, Police Station Sushant Lok, Gurugram, for registration of FIRs and in pursuance thereof, FIR Nos. 10 & 11 dated 14.01.2021 were registered against SAFPL and other co-accused, including present petitioner, under Sections 120-B, 406, 420, 467, 468 & 471 of the Indian Penal Code, 1860 (for short, "IPC") at Police Station, Sushant Lok, District Gurugram.

2.6 It was alleged in the above FIRs that SAFPL furnished fake bank guarantee(s) in favour of D.T.C.P while obtaining License No. 106 and apart that, cheated said Neeraj Chaudhary.

2.7 The contents of above FIRs were scrutinized by the E.D and it was found that offences under Sections 120-B, 420, 467 & 471 IPC are falling within the definition of "scheduled offence'" as envisaged under Section 2(y) of the Prevention of Money Laundering Act, 2002 (for short, "PMLA") and covered under Part-A of the Schedule thereof.