ORDER

29.04.2025

By this appeal, a challenge has been made under section 26 of the Prevention of Money Laundering Act , 2002 (in short, the Act of 2002) to the order dated 22.12.2021 passed by the Adjudicating Authority confirming the provisional attachment order dated 2^nd February, 2021.

2. It is a case where the CBI and the bank Security & Fraud Cell, New Delhi Economic Offences Wing (CBI) Mumbai registered FIR and filed charge sheet against M/s Zoom Developers Private Limited, Vijay Choudhary and B.L. Kejriwal, being the Directors of the Company and Sharad Kabra being the Company Secretary. The FIR was involving others also as an accused along with M/s Zoom Developers Private Limited. The allegation against the appellant Company was causing wrongful losses as many as 26 banks and therefore the FIR was filed by those financial institutions from time to time.

3. The learned counsel for the appellants submitted that they are pressing the appeal purely on legal issues thus, would not refer to the facts other than relevant for the consideration of two issues out of many given in the written arguments on 29.04.2025.

4. The counsel for the appellants pressed the appeal on following two grou