FPA-PMLA-1586/ HYD/2016 of M/s. Utopia Infrastructure Pvt. Ltd. v/s The Joint Director Directorate of Enforcement, Hyderabad
Case brief
What is this about?
The Appellate Tribunal for SAFA, FEMA, PMLA, NDPS & PBPT acted as the Appellate Tribunal in set of appeals for stay applications filed by various individuals and companies against the powers exercising authority of the Joint Director of Enforcement. The court re-issued announcements relating to the stay orders pursuant to section 46 of the Act. The order was short and lacks any reasoning.
What did the court decide?
Stay orders relating to the Joint Director of Enforcement were re-notified and continued.