ORDER

06.03.2025

By this appeal under Section 26 of the Prevention of Money Laundering Act, 2002 (in short `the Act of 2002‟), a challenge has been made to the order dated 06.12.2021 passed by the Adjudicating Authority confirming the attachment of the properties.

2. It is a case where three FIRs were lodged against the appellant company on 04.08.2014 for the commission of offence under Section 120-B IPC r/w 420 IPC and Section 13 (2) read with section 13(1)(d) of the Prevention of Corruption Act,1988 and substantive offences thereunder. The appellant company made misrepresentation for allotment of coal blocks and thereupon premium on capital was received as wrongful gain. After registration of the FIRs against the appellant company and its promoters, the ECIR was recorded against the Joint Managing Director, President (Commercial) and Liason Officer of the company as well.

3. The case pertains to allocation of coal blocks. The allegation against the company and its officials is for misrepresentation in the application as well as in the feedback form for allocation of the coal blocks. The misrepresentation was in regard to the availability of the land for its end use for t