Disposed

FPA-PMLA-2425/COCHIN/2018 of Sri K. Jayaram v/s The Deputy Director Directorate of Enforcement, Cochin

ATFP5 Sept 2018FPA-PMLA-2425/COCHIN/2018

Case brief

AI extract

What is this about?

In pending PMLA matters, this court directed parties to maintain status quo regarding a specific attached property in Hyderabad until the next date hearing, noting a fresh stay application filed after notice under Sec. 8(4) of the Act.

What did the court decide?

Direction to maintain status quo on attached property and permission to reply within four weeks

FPA-PMLA-2425/COCHIN/2018 of Sri K. Jayaram v/s The Deputy… — Money Laundering | ATFP (2018)

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APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI

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MP-PMLA-4910/COCHIN/2018 (Stay) MP-PMLA-4682/COCHIN/2018 (Stay) MP-PMLA-4683/COCHIN/2018 (Exem.) FPA-PMLA-2425/COCHIN/2018

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Sri K. Jayaram … Appellant/Applicant

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Versus

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The Deputy Director Directorate of Enforcement, Cochin

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… Respondent

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Advocates/Authorized Representatives who appeared

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For the appellant	: Shri Yogesh Ravi, Advocate
For the respondent	: Shri Neeraj Atri, Advocate
CORAM
JUSTICE MANMOHAN SINGH	: CHAIRMAN
SHRI G.C. MISHRA	: MEMBER

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ORDER 05.09.2018

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MP-PMLA-4910/COCHINE/2018 (Stay)

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Fresh application has been filed in view of notice issued under Section 8(4) of the Act. The respondent is to take the possession of following property:

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“Flat No. S 1, 2^nd Floor, admeasuring 1600 square feet, together with undivided share of 54 square yards out of constructed in the total area of 234 Square yards Bearing premises No. 1-98/9/7/H/1, Plot No. 12-B/1, Sy. No. 71/1, Madhapur, Hyderabad. Registered sale deed bearing doc No. 10235/2010 of Dist Registrar, RR Dist., dt. 9.12.2010 in the name of Smt. Meera Harish Babu maddineni, w/o Harish Babu, aged 33 years, R/o 12/B, Jaihind colony, Madhapur, Hyderabad-500081.”

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Counsel for the appellant states that no proceedings either under schedule offence or PMLA are pending against the appellant. The appellant undertakes not to dispose of attached above referred properties directly and indirectly till the appeal is finally decided. In view of the

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FPA-PMLA-2425/Cochin/2018

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Page 1 of 2

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facts stated in the appeal, both the parties shall maintain status quo till

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the next date with regard to the above mentioned property.

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In the meanwhile, counsel for the respondent is allowed to file the

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reply to the stay application within four weeks.

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List this application also on 17^th December, 2018.

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Copy of the order be given dasti to both the parties.

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(Justice Manmohan Singh) Chairman

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(G.C. Mishra) Member

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New Delhi,

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5^th September, 2018

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‘K’

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FPA-PMLA-2425/Cochin/2018

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FPA-PMLA-2425/COCHIN/2018 of Sri K. Jayaram v/s The Deputy Director Directorate of Enforcement, Cochin

Case brief

What is this about?

What did the court decide?

FPA-PMLA-2425/COCHIN/2018 of Sri K. Jayaram v/s The Deputy Director Directorate of Enforcement, Cochin

Case brief

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