Disposed

FPA-PMLA-2470/DLI/2018 of Toyota Financial Services India Ltd. v/s The Deputy Director Directorate of Enforcement, Delhi

ATFP23 Apr 2019FPA-PMLA-2470/DLI/2018

Case brief

AI extract

What is this about?

Listed a hearing for two appeals regarding property valuation and auction directions under the PMLA. Ordered the investigation officer to move an application for auction before the Special Court within two weeks.

What did the court decide?

Directive to investigation officer to seek auction order from Special Court within two weeks.

FPA-PMLA-2470/DLI/2018 of Toyota Financial Services India… — Banking and Recovery | ATFP (2019)

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APPELLATE TRIBUNAL FOR SAFEMA, FEMA, PMLA, NDPS & PBPT ACT AT NEW DELHI

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MP-PMLA-4805/DLI/2018 (COD) MP-PMLA-4806/DLI/2018 (Stay) FPA-PMLA-2470/DLI/2018 Toyota Financial Services India Ltd. … Appellant MP-PMLA-4800/DLI/2018 (E.H) MP-PMLA-3628/DLI/2017 (Stay) MP-PMLA-4107/DLI/2017 (Stay) FPA-PMLA-1852/DLI/2017 Mohit Garg … Appellant Versus The Deputy Director Directorate of Enforcement, Delhi … Respondent

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Advocates/Authorized Representatives who appeared

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For the appellant	: Mr. Prashant Tripathi, Advocate
For the respondent	: Sh. Atul Tripathi, Advocate
CORAM
JUSTICE MANMOHAN SINGH	: CHAIRMAN
SHRI G.C. MISHRA	: MEMBER

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ORDER 23.04.2019

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FPA-PMLA-2470/DLI/2018 & FPA-PMLA-1852/DLI/2017

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The counsel for the respondent has filed the valuation report of the vehicle which would show the value of the vehicle is Rs. 20 lac. Mr. Atul Tripathi, Advocate states that the I.O is also present. We direct the I.O. to move the application before the special court to auction the property within two weeks from today. Mr. Lalit Kumar Garg, father of Mr. Mohit Garg, Appellant states that the copy of the application may be served to him so that they may participate in the present proceedings. The said issue be decided by the Special Court. The ED is directed to file the application within two weeks before the special court.

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FPA-PMLA-2470/DLI/2018 & FPA-PMLA-1852/DLI/2017

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Page 1 of 2

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List the present appeal for hearing on 3^rd July, 2019.

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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, 23^rd April, 2019

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‘K’

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FPA-PMLA-2470/DLI/2018 & FPA-PMLA-1852/DLI/2017

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Page 2 of 2

FPA-PMLA-2470/DLI/2018 of Toyota Financial Services India Ltd. v/s The Deputy Director Directorate of Enforcement, Delhi

Case brief

What is this about?

What did the court decide?

FPA-PMLA-2470/DLI/2018 of Toyota Financial Services India Ltd. v/s The Deputy Director Directorate of Enforcement, Delhi

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Parties & counsel

Coram

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