ORDER

21.01.2026

By batch of these appeals under Section 26 of the Prevention of Money Laundering Act, 2002 (in short `the Act of 2002’), a challenge has been made to the order dated 03.09.2021 passed by the Adjudicating Authority confirming the Provisional Attachment Order dated 08.03.2021. The provisional attachment order so as its confirmation was passed against many defendants finding their involvement in money laundering, however we would be dealing with the properties belonging to the appellants before us. Before we refer to the arguments of the respective parties, it would be relevant to give brief facts of the case:

Brief facts of the case:

2. It is a case where FIR No. 85(26) and FIR No. 86(27) dated 27.04.2010 were registered for the offences under Section 302, 120-B IPC and Section 25(1)(b) of the Arms At, 1959 at Paradeep Police Station. It was alleged that the managing partner of the appellant company M/s Mahimananda Mishra hatched a conspiracy to fail the execution of work allotted to one M/s Swastik Stevedores Pvt. Ltd. (M/s SSPL) for unloading of limestone imported by M/s SAIL and hired people to cause threat to the life of the staff and equipment by burning off their t