Back
IN THE HIGH COURT OF KERALA AT ERNAKULAM
EASWARAN S., J
CHAMPACA VENTURES PRIVATE LIMITED – Appellant
Versus
DIRECTORATE OF ENFORCEMENT – Respondent
| Table of Content |
|---|
| 1. petitioner argues against attachment based on prior agreement. (Para 1) |
| 2. existence of alternate remedy questioned. (Para 2 , 3) |
| 3. court highlights necessity of hearing all interested parties. (Para 4 , 5 , 6) |
| 4. court directs authorities to reconsider attachment proceedings. (Para 7) |
EASWARAN S., J -------------------------------------
W.P. (C) No.25997 of 2025 ------------------------------------
Dated this the 16th day of December, 2025 JUDGMENT The petitioner entered into an agreement of sale with respondents 5 and 6. On 26.07.2024 agreed to purchase of property for 12,00,00,000/- (Rupees Twelve crores only). Pursuant to the agreement of sale, a total amount of Rs.11,67,05,500/- (Rupees Eleven crores sixty seven lakhs five thousand five hundred only) was paid to the respondents 5 and 6. In the meantime, on 16.08.2024, the District Collector, Thrissur being the Assistant Competent Authority under the Banning of Unregulated Deposit Schemes Act, 2019 (hereinafter called, ‘BUDS Act’, for short) issued an order of attachment in respect of the properties. This order of attachment was presumably issued based on the general order of the competent authority under the BUDS
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
