FPA-PMLA-2829/DLI/2019 of Sterling International Enterprises Ltd. v/s The Deputy Director Directorate of Enforcement, Delhi
ATFPFPA-PMLA-2829/DLI/2019
Case brief
AI extract
What is this about?
In a series of consolidated appeals filed by multiple companies against the Deputy Director, Directorate of Enforcement, regarding impugned attachment orders, the Appellate Tribunal directed that the existing attachment of properties must continue. While no interim stay was granted to prevent disposal by appellants, the court clarified that physical possession of the attached properties shall not be taken by the Enforcement Directorate (ED) pending further proceedings.
What did the court decide?
Direction that the attachment shall continue; appellants shall not create any third-party interest or dispose of attached properties directly or indirectly; distinct clarification that no physical possession shall be taken by the ED.