Dismissed
FPA-PMLA-2833/DLI/2019 of Pmt Engineering Ltd. v/s The Deputy Director Directorate of Enforcement, Delhi
ATFPFPA-PMLA-2833/DLI/2019
Case brief
AI extract
What is this about?
Multiple appeals were filed against orders dated 20 November 2018 passed by the Adjudicating Authority under the PMLA. Appellants contended the Authority disregarded stay directions from the Delhi High Court. The court, noting an undertaking not to dispose of properties, directed that the existing attachment of properties must continue, prohibited the creation of third-party interests, and specifically prevented the ED from taking physical possession of the assets pending the High Court's further directions.
What did the court decide?
Directed that the attachment shall continue. None of the appellants shall create third-party interest or dispose of attached property. No physical possession to be taken by ED.