APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI MP-PBPT-2182/HYD/2022 Stay FPA-PBPT-2280/HYD/2022 Sh. Rachamalla Dharma Raju … Appellant Versus The Initiating Officer, Hyderabad … Respondent Advocates / Authorized Representatives who appeared:

For the Appellant(s) : Counsel appeared For the Respondent(s) : Mr. Manmeet S. Arora, SPP Mr. Yash Batra, Advocate CORAM JUSTICE MUNISHWAR NATH BHANDARI : CHAIRMAN MR. V. ANANDARAJAN : MEMBER

ORDER

06.08.2025 This appeal has been preferred under Section 46 of the Prohibition of Benami Property Transactions Act, 1988 ( in short “the Act of 1988”) to challenge the order dated 18.02.2022 passed by the Adjudicating Authority confirming the Provisional Attachment Order (‘ PAO’) while answering the reference.

Brief facts of the case:

2. It is a case initiated on an information received from the DDIT(Inv.), Unit-1(2) Hyderabad that two persons have been apprehended by the police authorities with cash of Rs.2 Crore on 03.04.2019, at High-tech City, MMTS Railway Station within the jurisdiction of Madhapur Police Station. The statements under Section 131 of the Income-tax Act, 1961 of Shri Nirmmaluri Sri Hari and Shri A. Pandari said to be the employees of M