FPA-PMLA-1193/BBS/2016 of Yazdani International Pvt. Ltd. v/s The Joint Director Directorate of Enforcement, Bhubaneswar

ATFP19 Jan 2018FPA-PMLA-1193/BBS/2016

Case brief

AI extract

What is this about?

The Appellate Tribunal marked for record a dispute regarding whether the Adjudicating Authority complied with Section 17(1) and 17(2) of the PMLA by providing and serving the 'reason to believe' within the statutory timeframe. The court summoned the relevant file and listed the matter for future consideration without rendering a decision or issuing relief in the provided text.

What the court decided

AI extract

FPA-PMLA-1193/BBS/2016 of Yazdani International Pvt. Ltd. v/s The… — Money Laundering | ATFP (2018)

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APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI

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MP-PMLA-2351/BBS/2016 (Stay)

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FPA-PMLA-1193/BBS/2016

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Yazdani International Pvt. Ltd. … Appellant

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Versus

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The Joint Director Directorate of Enforcement, Bhub	aneswar …	Respondent
Advocates/Authorized Representativ For the appellant :	es who appeared Dr. Shamsuddin, & Ms. Pritika, Ad	Advocate vocate
For the respondent :	Ms. Shilpi Satyap Advocate	riya Satyam,
CORAM
JUSTICE MANMOHAN SINGH : SMT. ANANYA RAY :	CHAIRMAN MEMBER
ORDE 19.01.20	R 18

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FPA-PMLA-1193/BBS/2016

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Learned counsel for the appellant has referred to Section 17(1) of Prevention of Money Laundering Act, 2002. According to the learned counsel for the appellant, no reason to believe has been given or produced before the Adjudicating Authority within thirty days in sealed cover as is required by law. His next submission is that no copy of the ‘reason to believe’ was served to him. On the other hand, learned counsel for the respondent has referred to page No. 42 and 52 of the appeal paper book wherein as para 1 details of the reason to believe are given.

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FPA-PMLA-1193/BBS/2016

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Page 1 of 2

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As there is a dispute with regard to compliance of Section 17(2) of the Act, the relevant file of the Adjudicating Authority is summoned. Let

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the file be produced on or before the next date.

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List on 27^th April, 2018.

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(Justice Manmohan Singh) Chairman

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(Ananya Ray) Member

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New Delhi,

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19^th January, 2018

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‘A’

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FPA-PMLA-1193/BBS/2016

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Page 2 of 2

FPA-PMLA-1193/BBS/2016 of Yazdani International Pvt. Ltd. v/s The Joint Director Directorate of Enforcement, Bhubaneswar

Case brief

What is this about?

What the court decided

FPA-PMLA-1193/BBS/2016 of Yazdani International Pvt. Ltd. v/s The Joint Director Directorate of Enforcement, Bhubaneswar

Case brief

What is this about?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

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Coram

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