FPA-PMLA-1583/ HYD/2016 of M/s Capstone Infrastructure Pvt. Ltd. v/s The Joint Director Directorate of Enforcement, Hyderabad

ATFP7 Feb 2017FPA-PMLA-1583/ HYD/2016

Case brief

AI extract

What is this about?

This order recorded the notice of fresh appeal filed by the appellant. The primary matter involves a stay application regarding a provisional attachment order on tangible fixed assets amounting to Rs. 24,88,84,790. The court listed applications for hearing and fixed timelines for filing replies and affidavits.

What the court decided

AI extract

FPA-PMLA-1583/ HYD/2016 of M/s Capstone Infrastructure Pvt. Ltd… — Money Laundering | ATFP (2017)

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APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI

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MP-PMLA-3001/HYD/2016 (Misc.) MP-PMLA-3000/HYD/2016 (Stay)

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FPA-PMLA-1583/ HYD/2016

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M/s Capstone Infrastructure Pvt. Ltd. … Appellant/Applicant

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Versus

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The Joint Director … Respondent Directorate of Enforcement, Hyderabad

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Advocates/Authorized Representatives who appeared

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For the appellant	: Sh. Raghenth Basanth, Advocate Sh. Yogesh Raavi, Advocate
For the respondent	: Sh. S.A. Saud, Advocate
CORAM
JUSTICE MANMOHAN SINGH	: CHAIRMAN
SHRI KAUSHAL SRIVASTAVA	: MEMBER
SHRI ANAND KISHORE	: MEMBER

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ORDER 07.02.2017

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FPA-PMLA-1583/ HYD/2016

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Fresh appeal has been filed by the appellant. Issue notice to the respondent. Mr. S.A. Saud, learned counsel for the respondent accepts notice and seeks time to file the reply. Let the reply be filed within six weeks with an advance copy to the learned counsel for the appellant who may file the rejoinder within four weeks thereafter.

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List for consideration on 15^th May, 2017, the date already fixed in other matters. Both the parties are allowed to file the written synopsis on or before next date of hearing.

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FPA-PMLA-1583/HYD/2016

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Page 1 of 2

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MP-PMLA-3000/HYD/2016 (Stay)

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While passing the order the Adjudicating Authority confirmed the Provisional Attachment Order dated 29^th June, 2016 in respect of the following property:-

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Sl. No.	Description of theproperty	Amount	Name of theparty
1.	Tangible Fixed Assets as detailed in the Standalone Financial Statement for 2014-15 (includes Company’s asset at Plot No.3,4&6, HUDA Heights, TS No. 5(P), Block-J, Ward No. 12 and TS No. 14(P) Block –A, Ward No. 12 of Hakimpet Village (Shaikpet) Golconda Mandal,Hyderabad.	24,88,84,790	M/s Capstone Infrastructure Pvt. Ltd.

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The appellant will file the affidavit disclosing the rental value of the said property within two weeks so that the appropriate order could be passed if necessary on the next date. An advance copy of the affidavit be given to the learned counsel for the respondent and to the concerned Zonal Office. The respondent will verify the same and inform us accordingly. Reply to the stay application is also be filed on behalf of respondent on or before next date.

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List the application on 7^th March, 2017.

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Copy of the order be given ‘dasti’ to both the parties.

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(Justice Manmohan Singh) Chairman

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(Kaushal Srivastava) Member

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(Anand Kishore)

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Member

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New Delhi, 7^th February, 2017

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‘R’

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FPA-PMLA-1583/HYD/2016

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Page 2 of 2

FPA-PMLA-1583/ HYD/2016 of M/s Capstone Infrastructure Pvt. Ltd. v/s The Joint Director Directorate of Enforcement, Hyderabad

Case brief

What is this about?

What the court decided

FPA-PMLA-1583/ HYD/2016 of M/s Capstone Infrastructure Pvt. Ltd. v/s The Joint Director Directorate of Enforcement, Hyderabad

Case brief

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