2020 (12) TMI 1275 - HC - Money Laundering

High Court grants exemption, conducts video proceedings, maintains status quo on properties, sets next hearing.

The High Court allowed the exemption application subject to exceptions and conducted proceedings via video conferencing, disposing of the application ... Seeking time to file counter affidavit - HELD THAT:- Time as prayed for is granted. Let counter affidavit be filed before the next date of hearing. Status quo as on today with regard to ownership, possession and encumbrance upon the properties in question shall be maintained by the parties on both sides of the appeal. List on 08.01.2021. Issues:1. Exemption application2. Ex-parte ad-interim injunctionExemption Application:The High Court, presided over by the Chief Justice and Mr. Justice Prateek Jalan, allowed the exemption application in the matter, subject to all just exceptions. The proceedings were conducted through video conferencing, and the court disposed of the application marked as CM APPL. 30676/2020.Ex-parte Ad-interim Injunction:In relation to LPA 362/2020 & CM APPL. 30675/2020 for an ex-parte ad-interim injunction, the court issued a notice. Mr. Arshdeep Singh Khurana, Advocate accepted the notice on behalf of all respondents. The respondents' counsel sought three weeks to file a counter affidavit, which was granted by the court. The court ordered that the status quo as of the current date regarding ownership, possession, and encumbrance upon the properties in question should be maintained by both parties. The next date of hearing was scheduled for 08.01.2021.