APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI MP-PMLA-484/CHD/2025 (Stay)

FPA-PMLA-281/CHD/2025 Sunny Bansal ... Appellant Versus The Deputy Director Directorate of Enforcement, Chandigarh … Respondent Advocates/Authorized Representatives who appeared For the Appellant : Ms. Ishaa Goyal, Advocate For the Respondent : Mr. Ritesh Agrawal Ms. Priyanshi Sharma Mr. Agrh B. Sharma Mr. Sohel Rishabh, Advocates CORAM JUSTICE MUNISHWAR NATH BHANDARI : CHAIRMAN

FINAL ORDER

27.04.2026 By this appeal, a challenge has been made to the order dated

16.12.2024 passed by the Adjudicating Authority confirming the provisional attachment order of the property.

It is a case where an FIR was registered against the appellant for an offence under Section 420, 468, 471 of IPC. It was based on the written complaint by Mr. M. L. Rohilla, Zonal Manager, Dena Bank, Panchkula, Haryana. The appellant was holding a company in the name of M/s Ariel Construction and sought loan from the bank. The loan remained unpaid. During the course of the investigation, it was found that a term loan of Rs. 4.50 crores was sanctioned by the bank on 28.10.2013 for purchase of shuttering materials however on the enquiry, it was found t