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APPELLATE TRIBUNAL FOR FORFEITED PROPERTY
Shri V. Anandharajan, Member
South Indian Bank – Appellant
Versus
The Deputy Director, Directorate of Enforcement, Chandigarh – Respondent
| Table of Content |
|---|
| 1. overview of fraudulent activities and parties involved. (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9) |
| 2. arguments made by various banks regarding mortgage rights. (Para 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39) |
| 3. court's analysis of the appeal and findings. (Para 57 , 58 , 59 , 60 , 61 , 62 , 63 , 64 , 65 , 66) |
| 4. conclusion and dismissal of the appeal. (Para 67) |
ORDER
16.01.2025
The instant appeal has been preferred under section 26 of the Prevention of Money Laundering Act, 2002 (“PMLA,2002”) against the order dated 07.11.2014 of the Ld. Adjudicating Authority (“AA”), wherein, the attachment of the following properties was confirmed.
| S.No | Amount of POC | Name of the firm/individual | Name of the proprietor/partner | Details of the property | Name of the property owner |
|---|---|---|---|---|---|
| 1 | Rs.13,00,000 | M/s Apoorv Associates | Sanjay Minocha & Anurag Minocha | House at Khasra No.1166, Vyomprasth, GMS Road, Dehradun. This property is mortgaged with South India Bank, Rajpur Road, Dehradun against Cash Credit Limit sanctioned to M/s Apoorv Associates. | Sh. Sanjay Minocha |
| 2 | Rs.68,28,000 | Sanjay Minocha | Anurag Minocha | ||
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