Appellant challenged possession order under PMLA Section 8(4), undertaking not to dispose of assets. Tribunal directed parties to maintain status quo pending reply submission.
Status quo maintained on attached property; stay on possession granted until respondent files reply.
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APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI
MP-PMLA-4912/COCHIN/2018 (Stay) MP-PMLA-4686/COCHIN/2018 (Stay) MP-PMLA-4687/COCHIN/2018 (Misc.) MP-PMLA-4688/COCHIN/2018 (Exem.) FPA-PMLA-2427/COCHIN/2018
Sri Rami Reddy
… Appellant/Applicant
Versus
The Deputy Director Directorate of Enforcement, Cochin
… Respondent
Advocates/Authorized Representatives who appeared
For the appellant : Shri Yogesh Ravi, Advocate For the respondent : Shri Neeraj Atri, Advocate CORAM JUSTICE MANMOHAN SINGH : CHAIRMAN SHRI G.C. MISHRA : MEMBER
ORDER
05.09.2018
MP-PMLA-4912/COCHIN/2018 (Stay)
Fresh applications have been filed in view of notice issued under
Section 8(4) of the Act. The respondent is to take the possession of following property:
“All that the part and parcel of 3rd Floor & Penthouse admeasuring 1738 sft. Penthouse area 190 square feet together with undivided share of 54 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. 10237/2010 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.”
Counsel for the appellant states that no proceedings either under schedule offence or PMLA are pending against the appellant. The
FPA-PMLA-2427/Cochin/2018
Page 1 of 2
appellant undertakes not to dispose of attached above referred properties directly and indirectly till the appeal is finally decided. In view of the facts stated in the appeal, both the parties shall maintain status quo till the next date with regard to the above mentioned property.
In the meanwhile, counsel for the respondent is allowed to file the reply to the stay application within four weeks.
List this application also on 17th December, 2018.
Copy of the order be given dasti to both the parties.
(Justice Manmohan Singh) Chairman
(G.C. Mishra) Member
New Delhi, 5th September, 2018
‘K’
FPA-PMLA-2427/Cochin/2018
Page 2 of 2
1 issue framed by the court
Whether to grant stay on the respondent's possession of attached property while reply is filed.
1 provisions across 1 enactments
Rami Reddy
Deputy Director Directorate of Enforcement, Cochin
Manmohan Singh
G.C. Mishra
As recorded by the court registry
10 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
