Ritesh Bansal Ankush Bansal Tushar Bansal vs The Joint Director Directorate of Enforcement Ahmedabad

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2025 Supreme(Online)(ATFP) 326

APPELLATE TRIBUNAL FOR FORFEITED PROPERTY
Ritesh Bansal Ankush Bansal Tushar Bansal – Appellant
Versus
The Joint Director Directorate of Enforcement Ahmedabad – Respondent

ORDER

07.04.2025

These appeals have been filed under Section 26 of the Prevention of Money Laundering Act, 2002 (“PMLA”) against the order of the Ld. Adjudicating Authority (“AA”) dated 24.11.2015, confirming the Provisional Attachment Order (“PAO”) dated 12.06.2015 in Original Complaint (“OC”) No. 503/2015, whereby the following properties relating to the Appellants herein were attached:

SI. No.	Detail of the property	Owner of the Property	Remarks
1.	Rs.24,00,000/- Ritesh Bansal	@ Bharat Delhi and Ankush Bansal	Seized on 09.05.2015 under panchnama drawn under PMLA,2002 i.r.o search of the premises „Bansal Plastic Store, 5442/71, Regharpura, Arya Samaj Road, Karol Bagh, Delhi‟ of Sh. Ritesh Bansal @ Bharat Delhi.
2.	Rs.2,30,000/-	Ritesh Bansal @ Bharat Delhi and Ankush Bansal	Seized on 09/10.05.2015 under panchnama drawn under PMLA,2002 i.r.o search of the premises „Balaji Agencies, 5336/68, Regharpura, Arya Samaj Road, Karol Bagh, Delhi‟ of Sh. Ritesh Bansal @ Bharat Delhi.

Facts in brief

2. The brief facts of the case as recorded in the impugned order are that in pursuance of specific intelligence regarding operation of large scale Hawala racket in online international cricket bett

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2025 Supreme(Online)(ATFP) 326

APPELLATE TRIBUNAL FOR FORFEITED PROPERTYRitesh Bansal Ankush Bansal Tushar Bansal – AppellantVersusThe Joint Director Directorate of Enforcement Ahmedabad – Respondent

APPELLATE TRIBUNAL FOR FORFEITED PROPERTY
Ritesh Bansal Ankush Bansal Tushar Bansal – Appellant
Versus
The Joint Director Directorate of Enforcement Ahmedabad – Respondent