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APPELLATE TRIBUNAL FOR FORFEITED PROPERTY
Union Bank of India v. The Deputy Director Directorate of Enforcement Lucknow
FINAL ORDER
26.05.2025
Present appeal under Section 26 of the Prevention of Money Laundering Act, 2002 is filed by the appellant bank against the order dated 27.08.2013 passed by the Adjudicating Authority in Original Complaint No. 181/2013, whereby the properties attached by ED vide Provisional Attachment Order (PAO) dated 28.02.2013 were confirmed. The details of the properties mortgaged with the appellant bank are as under:
| I. No. | Description of the property | Purchaser | Seller and date | Value of purchase as per agreement | Present Market Value |
| 1. | Flat no. 101 at Babylon Building, Matunga (E), Adenwala Road, Mumbai, | M/s Balaji Universal Tradelinks Pvt Ltd | M/s Vijay Dwellers 24.10.2007 | Rs. 86,81,000/- Plus 8,02,850 (other expenses) Total Rs. 94,82,850/- | Rs. 6 crores |
| 2. | Flat no. 102 at Babylon Building, Matunga (E), Adenwala Road, Mumbai, | M/s Balaji Universal Tradelinks Pvt Ltd | M/s Vijay Dwellers 24.10.2007 | Rs. 86,81,000/- Plus 8,02,850 (other expenses) Total Rs. 94,82,850/- | Rs. 6 crores |
| 3. | Flat no. 201 at Babylon Building, Matunga (E), Adenwala Road, Mumbai, | M/s Balaji Universal Tradelinks Pvt Ltd | M/s Vijay Dwellers 24.10.2007 | Rs. 86,81,000/- Plus 8,02,850 (other expenses) Total Rs. 94,82,850/- | Rs. 6 crores |
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