Disposed

FPA-PMLA-1718/RNC/2017 of M/s Jharkhand Ispat Pvt. Ltd. v/s The Deputy Director Directorate of Enforcement, Ranchi

ATFP7 Apr 2017FPA-PMLA-1718/RNC/2017

Case brief

AI extract

What is this about?

A Bench of the appellate Power Tribunal under the Act disposed of a fresh appeal and two ancillary matters in a Section 8(4) possession proceeding issued to M/s Jharkhand Ispat Pvt. Ltd. Concern was raised about non-issuance of a notice u/s 8(4). It permitted an interim application only after such a notice is actually served, and directed the respondent to keep a copy with the appellant. An appeal

What did the court decide?

Respondent asked to send copy of any future s. 8(4) notice to appellant counsel; then appellant may file urgent petition for interim order. Appeal notice issued.

FPA-PMLA-1718/RNC/2017 of M/s Jharkhand Ispat Pvt. Ltd. v/s… — Company and Corporate | ATFP (2017)

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APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI

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MP-PMLA-3333/RNC/2017 (U.A.) MP-PMLA-3334/RNC/2017 (stay) FPA-PMLA-1718/RNC/2017

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M/s Jharkhand Ispat Pvt. Ltd.

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… Appellant

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Versus

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The Deputy Director Directorate of Enforcement, Ranchi … Respondent

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Advocates/Authorized Representatives who appeared

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For the appellant : Shri Ravi Sikri, Sr. Advocate with Shri Raj Shekhar Rao, Advocate. Shri Arshdeep Singh, Advocate For the respondent : Shri S.K. Sharma, Advocate CORAM JUSTICE MANMOHAN SINGH : CHAIRMAN SHRI G.C. MISHRA : MEMBER ORDER 07.04.2017

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FPA-PMLA-1718/RNC/2017

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Fresh appeal has been filed by the appellant challenging the impugned order dated 2^nd March, 2017, 2017. Issue notice to the respondent. Mr. S.K. Sharma, Ld. Advocate for the respondent accepts the notice and seek time to file the reply. Let the reply be filed within four weeks with an advance copy to the counsel for the appellant who may file the rejoinder within four weeks thereafter.

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List on 4^th August, 2017.

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MP-PMLA-3334/RNC/2017 (Stay)

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In this application the counsel for the appellant is pressing for the interim order. The learned counsel for the appellant stated that notice

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FPA-PMLA-1718/RNC/2017

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Page 1 of 2

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u/s 8(4) has not been issued. As and when the notice is received by the appellant and his counsel, then interim order may be pressed.

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Accordingly, we are directing to the respondent that, if any, notice u/s 8(4) for taking the possession is issued to the appellant, a copy of the same also be sent to the ld. counsel for the appellant, who may press the interim order by moving the urgent petition.

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In the meantime, issue notice to the respondent. Issue notice to the respondent. Mr. S.K. Sharma, Ld. Advocate for the respondent accepts the notice and seeks time to file the reply. Let the reply be filed within four weeks with an advance copy to the counsel for the appellant who may file the rejoinder within four weeks thereafter.

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List on 4^th August, 2017.

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(Justice Manmohan Singh) Chairman

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(G.C. Mishra) Member

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New Delhi, 7^th April, 2017

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‘s’

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FPA-PMLA-1718/RNC/2017

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Page 2 of 2

FPA-PMLA-1718/RNC/2017 of M/s Jharkhand Ispat Pvt. Ltd. v/s The Deputy Director Directorate of Enforcement, Ranchi

Case brief

What is this about?

What did the court decide?

FPA-PMLA-1718/RNC/2017 of M/s Jharkhand Ispat Pvt. Ltd. v/s The Deputy Director Directorate of Enforcement, Ranchi

Case brief

What is this about?

What did the court decide?

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