Partly allowed

FPA-PMLA-1784/DLI/2017 of Universe Holding Company v/s The Deputy Director Directorate of Enforcement, Delhi

ATFP16 May 2017FPA-PMLA-1784/DLI/2017

Case brief

AI extract

What is this about?

The Tribunal passed an order in two money laundering appeals. It granted liberty to the appellant to delete a respondent party. It also stayed a notice while conditioning it on the deposit of Rs. 15,000 monthly towards use and occupation charges.

What did the court decide?

Liberty granted to delete Respondent No. 2; Stay on Section 8(4) notice conditioned on payment of Rs. 15,000 monthly rent.

FPA-PMLA-1784/DLI/2017 of Universe Holding Company 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-3485/DLI/2017 (Stay)

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FPA-PMLA-1784/DLI/2017

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Universe Holding Company. … Appellant/Applicant Versus The Deputy Director Directorate of Enforcement, Delhi … Respondent

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… Respondent

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Advocates/Authorized Representatives who appeared

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For the Appellant	: Mr. Faraz Khan, Advocate Ms. Aakriti Mathur, Advocate
For the Respondent	: Mr. N. K. Matta, Advocate
CORAM
JUSTICE MANMOHAN SINGH	: CHAIRMAN
SHRI G.C. MISHRA	: MEMBER
SHRI B.K. BANSAL	: MEMBER

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ORDER 16.05.2017

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MP-PMLA-3485/DLI/2017 (Stay) & FPA-PMLA-1784/DLI/2017

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A fresh appeal has been filed under Section 26 of the Prevention of Money Laundering Act, 2002 challenging the order dated 19^th April, 2017 passed in O.C. No. 670/2016 by Adjudicating Authority in the Provisional Attachment Order No. 10/2016 dated 16^th April, 2017. The Learned Counsel for the Appellant seeks liberty to delete the Respondent No. 2 from the array of the parties. Order is passed accordingly. Amended Memo of parties be filed within two weeks.

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Issue notice. Mr. N. K. Matta, Learned Counsel for the respondent accepts the notice and he seeks time to file the reply. Let the same be filed within six weeks with an advance copy to the Learned Counsel for the appellant who may file the rejoinder four weeks thereafter.

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List on 07^th September, 2017.

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FPA-PMLA-1784/DLI/2017

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Page 1 of 2

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Till the next date of hearing i.e. 07^th September, 2017 Notice under Section 8(4) of the Prevention of Money Laundering Act, 2002 shall remain stayed subject to the condition that, without prejudice, the appellant shall deposit Rs. 15,000/- per month towards use and occupation charges from the date of passing of the Impugned Order. We may clarify that the appellant shall file the affidavit disclosing the market rent on or before the next date. Liberty is also granted to the respondent to verify the rent and inform this Tribunal. The rent shall be deposited by the appellant within two weeks from today.

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(Justice Manmohan Singh) Chairman

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(G.C. Mishra) Member (B.K. Bansal) Member

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New Delhi, 16^th May, 2017

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‘AS’

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FPA-PMLA-1784/DLI/2017

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Page 2 of 2

FPA-PMLA-1784/DLI/2017 of Universe Holding Company v/s The Deputy Director Directorate of Enforcement, Delhi

Case brief

What is this about?

What did the court decide?

FPA-PMLA-1784/DLI/2017 of Universe Holding Company v/s The Deputy Director Directorate of Enforcement, Delhi

Case brief

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What the court decided

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Coram

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