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APPELLATE TRIBUNAL FOR FORFEITED PROPERTY
BALESH KUMAR, Member, RAJESH MALHOTRA, Member
M/s Dove Infrastructure Pvt. Ltd. – Appellant
Versus
The Assistant Director, Directorate of Enforcement, Chandigarh – Respondent
| Table of Content |
|---|
| 1. appeal against freezing of bank accounts. (Para 1 , 2) |
| 2. claims regarding the appropriateness of attachment order. (Para 3 , 4 , 5) |
| 3. allegations of fraud and legitimacy of funds. (Para 6 , 9) |
| 4. arguments against connection with proceeds of crime. (Para 10 , 11) |
| 5. analysis of investigation findings and compliance with law. (Para 12 , 13 , 14 , 15) |
| 6. final dismissal of the appeal. (Para 16) |
FINAL ORDER
12.03.2026
This Order disposes of the Appeal No. FPA-PMLA-3057/CHD/2019 filed by M/s Dove Infrastructure Pvt. Ltd. (DIPL), against the Order dated 16.11.2018 (Impugned Order) passed by the Ld. Adjudicating Authority (AA) under the Prevention of Money Laundering Act, 2002 (PMLA) in the Original Application No. 234/2018 (OA). The retention of the debit freeze of balances lying in the three bank accounts of the Appellant in the form of Bank Guarantee/FDRs under Section 17 (1A) of PMLA was allowed, vide the Impugned Order.
2. Ld. Counsel for the Appellant submitted that the Appellant was neither served nor provided with an opportunity of hearing by the Adjudicating Authority before passing the Attachment Order for "debit" freeze of the accounts of the Appellant. The Appella
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