A panel of three banks and individual appellants challenged orders of the ADjudicating Authority or Prevention Money Laundering Act. The court heard submissions and reserved the matter for a decision.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT
AT NEW DELHI
| 1. MP-PMLA-4107/MUM/2017 (Stay) FPA-PMLA-2107/MUM/2017 |
||
|---|---|---|
| Siddhi Vinayak Logistic Ltd. | … | Appellant |
| Versus | ||
| The Deputy Director Directorate of Enforcement, Mumbai & Ors. |
… | Respondents |
| 2. FPA-PMLA-2189/MUM/2018 | ||
| Union Bank of India | … | Appellant |
| Versus | ||
| The Deputy Director Directorate of Enforcement, Mumbai & Ors. |
… | Respondents |
| 3. MP-PMLA-4127/MUM/2017 (Stay) FPA-PMLA-2115/MUM/2017 |
||
| Bank of Baroda | … | Appellant |
| Versus | ||
| The Deputy Director Directorate of Enforcement, Mumbai & Ors. |
… | Respondents |
| 4. FPA-PMLA-4133/MUM/2017 (Stay) FPA-PMLA-2117/MUM/2017 |
||
| Oriental Bank of Commerce | … | Appellant |
| Versus | ||
| The Deputy Director Directorate of Enforcement, Mumbai & Ors. |
… | Respondents |
| 5. MP-PMLA-4249/MUM/2018 (Stay) MP-PMLA-4250/MUM/2018 (COD) FPA-PMLA-2137/MUM/2017 |
||
| Mr. Rajkumar Rupchand Baid | … | Appellant |
| Versus | ||
| The Deputy Director Directorate of Enforcement, Mumbai & Ors. |
… | Respondents |
| 6. MP-PMLA-4251/MUM/2018 (Stay) MP-PMLA-4252/MUM/2018 (Exm.) MP-PMLA-4253/MUM/2018 (COD) FPA-PMLA-2138/MUM/2017 |
||
| Mr. Rupchand Baid | … | Appellant |
| Versus | ||
| The Deputy Director | ||
Directorate of Enforcement, Mumbai & Ors. |
… | Respondents |
| & | ||
| 7. MP-PMLA-4254/MUM/2018 (Stay) | ||
MP-PMLA-4255/MUM/2018 (Exm.) MP-PMLA-4256/MUM/2018 (COD) FPA-PMLA-2139/MUM/2017 |
FPA-PMLA-2107/MUM/2017, FPA-PMLA-2115/MUM/2017, FPA-PMLA-2117/MUM/2017, FPA-PMLA-2137-2139/MUM/2017 & FPA-PMLA-2189/MUM/2017
Page 1 of 2
M/s. Accumen Infrastructure
Appellant
Versus
The Deputy Director Directorate of Enforcement, Mumbai & Ors. … Respondents
Advocates/Authorized Representatives who appeared
| For the Appellant No. 1 | : | Mr. K. V. Balakrishnan, Advocate |
|---|---|---|
| For the Union Bank of India |
: | Mr. Rajeev Sagar, Advocate |
| For the Bank of Baroda |
: | Ms. Praveena Gautam, Advocate Mr. Pawan Shukla, Advocate Mr. Jitesh P. Gupta, Advocate |
| For the Oriental Bank of Commerce | : | Mr. H. P. Bhardwaj, Advocate |
| For the Appellant Nos. 5 to 7 | : | Mr. Mihir Thakur, Advocate Mr. Suraj Shukla, Advocate Mr. Digant L., Advocate |
| For the Respondent |
: | Mr. Nitesh Rana, Counsel for the ED |
| CORAM | ||
| JUSTICE MANMOHAN SINGH SHRI G. C. MISHRA |
: : |
CHAIRMAN MEMBER |
ORDER 14.09.2018
FPA-PMLA-2107/MUM/2017, FPA-PMLA-2115/MUM/2017, FPAPMLA-2117/MUM/2017, FPA-PMLA-2137-2139/MUM/2017 & FPAPMLA-2189/MUM/2017
All the respective counsels have made their submissions. The
appellants have also filed the written synopsis. Learned counsel appearing on behalf of the respondent submits that apart from oral argument he is relying upon the reply filed by the respondent filed in appeals filed by the appellants.
Order Reserved.
(Justice Manmohan Singh) Chairman
(G. C. Mishra)
Member
New Delhi, 14th September, 2018
‘AS’
FPA-PMLA-2107/MUM/2017, FPA-PMLA-2115/MUM/2017, FPA-PMLA-2117/MUM/2017, FPA-PMLA-2137-2139/MUM/2017 & FPA-PMLA-2189/MUM/2017
Page 2 of 2
Siddhi Vinayak Logistic Ltd.
Union Bank of India
Bank of Baroda
Oriental Bank of Commerce
Mr. Rajkumar Rupchand Baid
Mr. Rupchand Baid
Manmohan Singh
G. C. Mishra
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
