FPA-PMLA-2065/DLI/2017 of Ramgrhia Co-operative Bank Ltd. v/s The Director, Financial Intelligence Unit, Delhi

ATFP13 Jan 2020FPA-PMLA-2065/DLI/2017

Case brief

AI extract

What is this about?

The Appellate Tribunal listed four connected appeals involving banks and Edward Samson Luke along with the Director, FIU-India, for a hearing on 21.07.2020. Parties were given time to file written synopses on a recent High Court judgment regarding retrospective application of Section 13(2) of the PMLA.

What the court decided

AI extract

FPA-PMLA-2065/DLI/2017 of Ramgrhia Co-operative Bank Ltd. v/s The Director, Financial Intelligence Unit, Delhi — ATFP (2020) — LawSathi Research

¶1

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

¶2

1. MP-PMLA-5580/DLI/2019 (Misc.) MP-PMLA-3997/DLI/2017 (Stay) FPA-PMLA-2065/DLI/2017
Ramgrhia Co-operative Bank Ltd.	… Appellant
2. FPA-PMLA-1330/DLI/2016
Axis Bank Limited	… Appellant
3. MP-PMLA-2726/DLI/2016 (Stay) FPA-PMLA-1342/DLI/2016
Edward Samson Luke	… Appellant
4. FPA-PMLA-1343/DLI/2016
Mahamedha Urban Co-Operative Bank	… Appellant
Versus
The Director,
Financial Intelligence Unit, Delhi	… Respondent

¶3

Advocates/Authorized Representatives who appeared

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For the appellant	: Shri Pradeep Agarwal, Advocate, Shri Aniket Bhattacharya, Advocate Shri Karan Khanna, Advocate Shri Arjun Agarwal, Advocate
For the Respondent	: Shri Satish Aggarwala, Sr. Advocate Shri Gagan Vaswani, Advocate
For Financial Intelligence Unit	: Ms. Radhika Narang, Legal Consultant
CORAM
SHRI G.C. MISHRA	: ACTING CHAIRMAN
	ORDER 13.01.2020

¶5

FPA-PMLA-2065/DLI/2017, FPA-PMLA-1330/DLI/2016 & FPA-PMLA-1342 & 1343/DLI/2016

¶6

Learned counsels for both the parties are present. It is submitted by the learned counsel for both the parties that the matter which was pending before the Hon’ble High Court of Delhi has already been decided on 04.09.2019 in the matter of Financial Intelligence Unit-IND vs. Corporation Bank & Ors. Issue of retrospective application of Section 13(2) of the Prevention of Money

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FPA-PMLA-2065/DLI/2017 FPA-PMLA-1330/DLI/2016 FPA-PMLA-1342 & 1343/DLI/2016

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Page 1 of 2

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Laundering Act has been decided by the Hon’ble Judge of the High Court, Delhi. Copy of the judgment has filed on record.

¶10

Pleadings are complete. Written synopsis have been filed by both the parties. Both the parties seeks time to file written synopsis on the judgment ( supra ) passed by Hon’ble High Court of Delhi at New Delhi.

¶11

The connected appeals are coming up on 21.07.2020. List these appeals on same date.

¶12

List the appeals on 21^st July, 2020.

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(G.C. Mishra) Acting Chairman

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New Delhi, 13^th January, 2020

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‘A’

¶16

FPA-PMLA-2065/DLI/2017 FPA-PMLA-1330/DLI/2016 FPA-PMLA-1342 & 1343/DLI/2016

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Page 2 of 2

FPA-PMLA-2065/DLI/2017 of Ramgrhia Co-operative Bank Ltd. v/s The Director, Financial Intelligence Unit, Delhi

Case brief

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What the court decided

FPA-PMLA-2065/DLI/2017 of Ramgrhia Co-operative Bank Ltd. v/s The Director, Financial Intelligence Unit, Delhi

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