Disposed

FPA-PMLA-1698/DLI/2017 of Shamken Spinners Ltd. v/s The Deputy Director Directorate of Enforcement, Delhi

ATFP6 Jul 2017FPA-PMLA-1698/DLI/2017

Case brief

AI extract

What is this about?

Appellant filed fresh applications. Tribunal issued notice for hearing on July 21, 2017. Court directed respondent to take no corrosive action pending proceedings under section 8(4) of the Act.

What did the court decide?

Notice issued to respondent for 21 July 2017. No corrosive action to be taken by respondent pending procedures.

FPA-PMLA-1698/DLI/2017 of Shamken Spinners Ltd. v/s The Deputy… — Money Laundering | ATFP (2017)

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APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI

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MP-PMLA-3575/DLI/2017 (U.A.) MP-PMLA-3576/DLI/2017 (Stay) MP-PMLA-3402/DLI/2017 (Exemption) FPA-PMLA-1698/DLI/2017

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Shamken Spinners ltd … Appellant/Applicant Versus The Deputy Director Directorate of Enforcement, Delhi … Respondent

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Advocates/Authorized Representatives who appeared

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For the appellant	: Shri Mukesh Sharma, Advocate Shri Mudit Jain, Advocate
For the respondent	: Shri S.K. Sharma, Advocate
CORAM
JUSTICE MANMOHAN SINGH	: CHAIRMAN
SHRI G.C. MISHRA	: MEMBER

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ORDER 06.07.2017

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MP-PMLA-3575/DLI/2017 (U.A.), MP-PMLA-3576/DLI/2017 (Stay) MP-PMLA-3402/DLI/2017 (Exemption), FPA-PMLA-1698/DLI/2017

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Fresh applications have been filed by the appellant. Issue notice to the respondent for 21^st July 2017. Reply, if any, be filed by the next date. The learned counsel for the appellant submits that in the meanwhile the appellant will take necessary steps as per the procedure later on under Rule 4 of the Prevention of Money Laundering (Taking Possession of Attached or Frozen Properties Confirmed by the Adjudicating Authority) Rules, 2013 in relation to the immovable property with the Enforcement Directorate within five days.

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List these applications on 21^st July 2017.

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FPA-PMLA-1679/DLI/2017 Page 1 of 2

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In the meanwhile no corrosive action shall be taken by the respondent in view of the notice issued under section 8(4) of the Act .

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(Justice Manmohan Singh) Chairman

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(G.C. Mishra) Member

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New Delhi, 6^th July, 2017