Disposed

FPA-PMLA-1958/DLI/2017 of Punjab National Bank v/s The Deputy Director Directorate of Enforcement, Delhi & Ors.

ATFP28 Nov 2019FPA-PMLA-1958/DLI/2017

Case brief

AI extract

What is this about?

Appeal for review/positional appeal filed by Punjab National Bank and others. The Acting Chairman allowed liberty to the liquidator of Dynamic Shells to file an application for impleadment and ordered status quo/re-notification till 20 May 2020.

What did the court decide?

Liberty granted to liquidator to file application for impleadment in place of Resolution Professional; re-notification on 20th May, 2020.

FPA-PMLA-1958/DLI/2017 of Punjab National Bank v/s The Deputy… — Money Laundering | ATFP (2019)

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APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI

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MP-PMLA-3984/DLI/2017 (Misc.) MP-PMLA-3853/DLI/2017 (Stay) &

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FPA-PMLA-1958/DLI/2017

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Punjab National Bank … Appellant/Applicant Versus The Deputy Director Directorate of Enforcement, Delhi & Ors. … Respondents

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Advocates/Authorized Representatives who appeared

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For the Appellant	: Mr.	Adarsh Chamoli, Advocate
For the Respondent no. 1(ED)	: Mr.	Mohd. Faraz, Advocate
For the Dynamic Shells (Liquidator)	: Mr.	Karan Kohli, Advocate

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CORAM SHRI G. C. MISHRA : ACTING CHAIRMAN

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ORDER

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28.11.2019

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FPA-PMLA-1958/DLI/2017

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Learned counsels for both the parties are present. It is submitted by the learned counsel for the appellant that since common question of law is involved in the present case, as also in the case in appeal no(s). FPA-PMLA-729/DLI/2014 the appeal filed by State Bank of India and in appeal no. FPA-PMLA-1848/DLI/2017 filed by Axis Bank and since the appellants in the above two appeals have already challenged the order dated 02.04.2019 passed by the Hon’ble High Court of Delhi at New Delhi, and that the Hon’ble Supreme Court of India has passed an order of status quo. So in the event any order passed by the Hon’ble Supreme

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FPA-PMLA-1958/DLI/2017

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Court than it will have the same bearing on the present case also. So in view of the same, re-notify on 20^th May, 2020.

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Shri Karan Kohli, learned advocate appeared for Liquidator appointed under Section 33 of the Insolvency and Bankruptcy Code, 2016 and he has been appointed in place of the Resolution Professional. He wants to be impleaded as a party/respondent in the present proceedings. Liberty is granted to the liquidator to file appropriate application for his impleadment in place of the Resolution Professional.

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The appellant has filed the written synopsis dated 16.07.2019 and the same is available on record.

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Re-notify on 20^th May, 2020.

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(G. C. Mishra) Acting Chairman

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New Delhi, 28^th November, 2019

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‘AS’

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FPA-PMLA-1958/DLI/2017

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FPA-PMLA-1958/DLI/2017 of Punjab National Bank v/s The Deputy Director Directorate of Enforcement, Delhi & Ors.

Case brief

What is this about?

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FPA-PMLA-1958/DLI/2017 of Punjab National Bank v/s The Deputy Director Directorate of Enforcement, Delhi & Ors.

Case brief

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