THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD THE HON’BLE SMT.JUSTICE TIRUMALA DEVI EADA CRIMINAL PETITION No.188 of 2021 Date:23.02.2026 Between:

M/s. Shriram City Union Finance Ltd., Rep. by its Authorized Signatory Sri V. Prasad and another. …Petitioners And The Deputy Director, Directorate of Enforcement, Ministry of Finance, Hyderabad and another.

… Respondents

ORDER:

This Criminal Petition is filed seeking to quash the provisional attachment order No.1 of 2020 dated 15.10.2020 passed by the respondent No.1 in File No.ECIR/HYUZO/02/2015 and the consequential complaint made by the respondent No.1 to the respondent No.2.

2. Heard Sri C. Raghu, learned counsel for the petitioners and Sri V.T. Kalyan, learned Standing Counsel appearing for the respondents.

3. The brief facts of the case are that M/s. Deccan Chronicle Holdings Ltd. borrowed an amount of Rs.30.00 crores from the petitioner No.1 on 11.05.2012 for business purposes by mortgaging certain immovable properties situated at Road No.12, Banjara Hills, Hyderabad as collateral security. Subsequently, the said loan was assigned to the petitioner No.2. Upon default in repayment of the loan, the petitioner No.2 has initiated