APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI Arthveda Fund Management Pvt. Ltd. … Appellant Versus The Deputy Director Directorate of Enforcement, Mumbai. … Respondent Advocates/Authorized Representatives who appeared For the Appellant : Counsel Appeared For the Respondent : Ms. Nidhi Raman, Adv.

CORAM JUSTICE MUNISHWAR NATH BHANDARI : CHAIRMAN SHRI V. ANANDARAJAN : MEMBER

FINAL ORDER

01.04.2025 FPA-PMLA-4749/MUM/2022 Aggrieved by the order dated 01.01.2021 passed by the Adjudicating Authority confirming the Provisional Attachment Order (PAO) dated 09.07.2020, this appeal has been preferred by the appellant company which was not a party defendant before the Adjudicating Authority.

2. It is a case where an FIR was registered by the CBI, Economic Offence, New Delhi on 07.03.2020. It was alleged that during April to June, 2018, M/s Yes Bank Ltd. had invested Rs.3700 Crores in short term debentures of M/s DHFL. Simultaneously, Mr. Kapil Wadhawan of M/s DHFL paid a kickback of Rs.600 Crores to Mr. Rana Kapoor and his family members of M/s Yes Bank Ltd. The kickback had been paid in the garb of loan of Rs.600 Crores given by M/s DHFL to M/s DOIT Urban Ventures (India) Pvt. Ltd. (a Group Com