APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI (1)MP-PMLA-5753/MUM/2019 (Stay) MP-PMLA-5754/MUM/2019(Exemp.)

FPA-PMLA-2925/MUM/2019 Shri P.V.R. Murthy … Appellant /applicant (2) MP-PMLA-5756/MUM/2019 (Stay) MP-PMLA-5757/MUM/2019(Exemp.)

FPA-PMLA-2926/MUM/2019 Shri P.V.R. Murthy … Appellant /applicant (3) MP-PMLA-5759/MUM/2019 (Stay) MP-PMLA-5760/MUM/2019(Exemp.)

FPA-PMLA-2927/MUM/2019 Shri P.V.R. Murthy … Appellant /applicant (4)MP-PMLA-5762/MUM/2019 (Stay) MP-PMLA-5763/MUM/2019(Exemp.)

FPA-PMLA-2928/MUM/2019 Shri P.V.R. Murthy … Appellant /applicant (5)MP-PMLA-5765/MUM/2019 (Stay) MP-PMLA-5766/MUM/2019(Exemp.)

FPA-PMLA-2929/MUM/2019 Shri Yashovardhan Birla … Appellant /applicant (6)MP-PMLA-5768/MUM/2019 (Stay) MP-PMLA-5769/MUM/2019(Exemp.)

FPA-PMLA-2930/MUM/2019 Shri Yashovardhan Birla … Appellant /applicant (7) MP-PMLA-5771/MUM/2019 (Stay) MP-PMLA-5772/MUM/2019(Exemp.)

FPA-PMLA-2931/MUM/2019 Shri Yashovardhan Birla … Appellant /applicant (8) MP-PMLA-5774/MUM/2019 (Stay) MP-PMLA-5775/MUM/2019(Exemp.)

FPA-PMLA-2932/MUM/2019 M/s. Shearson Investment Pvt. Ltd. … Appellant /applicant (9)MP-PMLA-5777/MUM/2019 (Stay) MP-PMLA-5778/MUM/2019(Exemp.)

FPA-PMLA-2933/MUM/2019 M/s. Shearson Investment Pvt. Ltd. … Appellant /applicant (10) MP-PMLA-5780/MUM/2019 (Stay)

MP-PMLA-5781/MUM/2019(Exemp.)

FPA-PMLA-2934/MUM/2019 M/s. Shearson Investment Pvt. Ltd. … Appellant /applicant (11) MP-PMLA-5783/MUM/2019 (Stay)

MP-PMLA-5784/MUM/2019(Exemp.)

FPA-PMLA-2935/MUM/2019 M/s. Godavari Corporation Pvt. Ltd. … Appellant /applicant (12) MP-PMLA-5786/MUM/2019 (Stay)

MP-PMLA-5787/MUM/2019(Exemp.)

FPA-PMLA-2936/MUM/2019 M/s. Godavari Corporation Pvt. Ltd. … Appellant /applicant (13)MP-PMLA-5789/MUM/2019 (Stay)

MP-PMLA-5790/MUM/2019(Exemp.)

FPA-PMLA-2937/MUM/2019 M/s. Godavari Corporation Pvt. Ltd. … Appellant /applicant (14) MP-PMLA-5792/MUM/2019 (Stay)

MP-PMLA-5793/MUM/2019(Exemp.)

FPA-PMLA-2938/MUM/2019 M/s Nirved Trades Pvt. Ltd. … Appellant /applicant (15) MP-PMLA-5795/MUM/2019 (Stay)

MP-PMLA-5796/MUM/2019(Exemp.)

FPA-PMLA-2939/MUM/2019 M/s Nirved Trades Pvt. Ltd. … Appellant /applicant (16) MP-PMLA-5798/MUM/2019 (Stay)

MP-PMLA-5799/MUM/2019(Exemp.)

FPA-PMLA-2940/MUM/2019 M/s Nirved Trades Pvt. Ltd. … Appellant /applicant Versus The Deputy Director, Directorate of Enforcement, Mumbai … Respondent Advocates/Authorized Representatives who appeared For the Appellant Mr. Hardik Sharma, Mr. Rachit Bansal, Ms. Muskan Aggarwal, Advocates For the Respondent : Sh. N.K. Matta, SPP Sh. Aaditya Raj Sharma, Advocate CORAM JUSTICE MUNISHWAR NATH BHANDARI : CHAIRMAN SHRI RAJESH MALHOTRA : MEMBER

ORDER

15.12.2023 FPA-PMLA-2925 to 2940/MUM/2019 The batch of appeals have been filed under section 26 of the Prevention of Money Laundering Act, 2002 (in short the Act of 2002) to challenge the order dated 27/12/2014 passed by the Adjudicating Authority confirming the provisional attachment order.

2. Brief facts of the case:-

It is a case where a complaint was registered on

30.12.2013 against M/s Birla Power Solution Limited and its Directors namely:-

S.No. Name Designation

1. Sh. Yashovardhan Birla - Chairman/Director 2. Sh. P.V.R. Murthy - Managing Director

3. Sh. Y.P. Trivedi - Director

4. Sh. Rajesh Shah

5. Upkar Singh Kohli

6. Mahendra Singh Arora

7. Ashish Mahendrakar

8. Tushar Dey

9. Anant Pathak &

10.Manish Malani for offence under section 406, 420, 120(B) of IPC.

3. After registration of FIR, an ECIR was recorded on 17.01.2014. The FIR was registered on 30.12.2013. The EOW, Mumbai Unit filed charge sheet on 29.3. 2014 in MPID Court against P.V.R. Murthy followed by supplementary charge sheet on 28.10.2016 against the individuals and Birla Power Solutions Limited. It was also against M/s Zenith Birla (India) Limited, Birla Cotsyn (India) Limited and Sholka Eductech, M/s Birla Edutech Ltd. for the offence under section 420, 406, 477 (A) and 120 (B) of Indian Penal Code (IPC), 1860 and section 3 and 4 of MPID Act, 1999.

4. It was alleged that accused company M/s Birla Power Solution Limited and their group ent