FPA-PMLA-2633/RP/2018

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APPELLATE TRIBUNAL FOR SAFEMA, FEMA, PMLA, NDPS, PBPT ACT

AT NEW DELHI

Date of Decision: 02.01.2019

FPA-PMLA-2633/RP/2018

Punjab National Bank

…

Appellant

Versus

The Deputy Director,

Directorate of Enforcement, Raipur

…

Respondent

Advocates/Authorized Representatives who appeared

For the appellant :

Shri Rajesh Kumar Gautam, Advocate

For the respondent

:

Shri Atul Tripathi, Advocate

CORAM

JUSTICE MANMOHAN SINGH

:

CHAIRMAN

JUDGEMENT

FPA-PMLA-2633/RP/2018

1. The present Appeal has been filed by the Appellants against the order

dated 17.09.2018 passed by the Ld. Adjudicating Authority in O.C. No. 952 of

2018 in PAO No. 03/2018 dated 28.03.2018 in ECIR/RPSZO/01/2015 dated

13.01.2015.

2. Admitted facts are that the Respondent No.2 had approached the

Appellant for availing Consortium Finance of Rs 546.77 Cr i.e. [Term Loan,

Working Capital Limits, Fund Based and Non-Fund Based].

FPA-PMLA-2633/RP/2018

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3. The Appellant Bank (Being the lead Bank in the consortium of Banks)

pursuant to the request made by the Respondent No. 2, sanctioned Term Loan,

Working Capital L