TaxTMI 
TaxTMI 
2019 (1) TMI 133
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.... Patta 36, Village Karmarkuchi NC, District Kamrup (M), Assam in name of M/s Saradha Realty India Ltd. and Dag No. 177, KP Patta no. 129, Village- Kamarkuchi NC, Mouza- Panbari District Kamrup (M). Heard the submissions of the learned counsels for both the parties on 21.12.2018. The Appeal was allowed in terms of short order dated 21.12.2018 which is reproduced as below: "Both the parties have made their submissions. Appeal is allowed. The matter is remanded back. Possession be handed over forthwith to the appellant subject to the condition that the appellant shall not create any third party interest. Attachment of the property shall continue. Detailed order to follow." Accordingly the detailed order is as follows: 3. CASE OF THE APPELLANT AS PER THE APPEAL MEMO I. It is the case of the appellant that, the appellant is a company duly incorporated under the Company Act, 1956 having its registered office at Landmark Building, MG Road, Machkhowa, Guwahati, Assam. II. The Appellant/company, amongst other deals in agricultural products, timber and wood etc. It has been the consistent endevour of the Appellant/company to promote and protect natural habitat for flora and fauna of....
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....Appellant came across of media reports that M/s. Saradha Realty India Ltd. had duped many investors and, as such, several other cases were also filed against them. The Appellant could also learn from media reports that the authorities intend to confiscate/attach the properties belonging to M/s. Saradha Realty India Ltd. As such the appellant of its own volition by way of letter dated 06.05.2013 informed all the concerned authorities including CBI, Enforcement Directorate and Assam Police regarding its investments with the said party in respect of the land in question and that the matter was sub-judice in the court with an injunction force. Subsequently informed ED vide letters dated 07.05.2013, 13.05.2013 & 05.06.2013 and submitted copies of documents. VII. Though all the relevant documents were placed before the respondent no.3 in respect of the purchase of the aforesaid plot of land, however, for reasons other than bonafide the said authority chose to sit over the matter and nothing was intimated to the Appellant. The respondent authorities were also informed about the ex-parte decree dated 19.04.2014 in Title Suit No. 174/2013. VIII. As the seller failed to comply with the d....
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....ed 31.08.2018. XIII. It is also contended by the Appellant that the impugned notice also reflects that land covered by Dag No. 177, KP No. 129 belonging to one Sri Podum Ch Borthakur has been attached. The Appellant has been baffled by such inclusion and categorically states that it is not aware where this property is situated and why it has been included along with the property of the Appellant. 4. GROUNDS OF APPEAL The main grounds of appeal are as below: i. That the appellant is innocent and bonafide purchaser and had/has no connection or nexus with Shri Sudipta Sen. ii. The property sealed of the appellant was its own money purchased through lawful means and the said money is not even alleged to be coming under PMLA, 2002. iii. The Appellant is not associated with any provisions of PMLA. iv. Having full knowledge about the bonafide transaction of the land in issue, the respondent failed to comply with Section 8(2) of the PMLA, 2002. v. Once the Appellant become the lawful owner of the land, bonafide the Appellant becomes a claimant under the PMLA, 2002 and was entitle to notice under Section 8(2) of the PMLA, which was never done. vi. The Appellant/Company, appe....
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....n State of Assam. c) Subsequently, the SSP, CID, Assam had forwarded copies of 19 FIRs lodged in different Police Stations against Saradha Group of Companies/Sudipta Sen and Others. d) Also subsequently, the CBI, SCB, Kolkata registered FIR No. RC- 62/S/2014 dated 26.12.2014 on the basis of Notification No. PLA(V).151/2012/186 dated 06.05.2013 of Government of Assam, Political (Vigilance Cell) Department, Dispur and Notification dated 09.12.2014 of the Government of India, Ministry of Personnel, Public, Grievances and Pensions, Department of Personnel and Training, New Delhi by taking over Dispur (Assam) PS Case No. 732/2013 dated 10.04.2013, registered u/s 420 and 406 of the IPC, 1860 against the Manager of Saradha Group of Companies, Lalganesh Branch. Subsequently, the case was transferred to the CBI, ACB, Guwahati. e) CBI investigations has revealed that Shri Sudipta Sen and Ms. Debjani Mukherjee from Kolkata Head Office used to visit Guwahati and held meetings with the agents/public by saying that Saradha Group of Companies have been doing very good job in the investment sector as well as in the employment sector, trusted by highly educated people. They used to say that S....
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.... without making ED a party to the suit. This step of the Appellant is in complete violation of Section 67 of PMLA, 2002 which bar filing of suits in Civil Courts to set aside or modify any proceedings under PMLA. i) The Appellant knowingly has not challenged the PAO dated 16.07.2014 issued by the Department and confirmation order of Adjudicating Authority dated 07.11.2014. j) There is no necessity that the person whose properties are attached or who are made accused in PMLA proceedings also be arrayed in the FIR and in the charge-sheet. k) There are no rare flora and fauna in the property as claimed by the Appellants except plantation of Mango and Guava plants supplied by the Forest Department. There are plantation of "Segun" (Teak) and other plants which were planted well before the alleged purchase or taken possession of the property. l) It is a fact that the Appellant has appeared and submitted the documents in his possession in the Guwahati Zonal Office, but it was evident from the documents that the appellant has allegedly acquired the properties fully knowing the fact the said properties is involved in the offence of money laundering. The entire paper work was an act ....
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....he aforesaid annexures bears the seal of Enforcement Directorate as a token receipt of those letters. ANNEXURE-7 is the letter dated 06.05.2013 sent by Shri Pranav Kumar Sharma, Director of the Appellant/Company addressed to the CBI, Guwahati Office, Enforcement Directorate Guwahati Office, Director General of Assam Police and SSP (City) Guwahati. ANNEXURE-8 is the letter dated 07.05.2013 sent by the Appellant/Company addressed to the Enforcement Directorate Guwahati Office. ANNEXURE-9 is the letter dated 13.05.2013 sent by Shri Pranav Kumar Sharma, Director of the Appellant/Company addressed to the Assistant Director, Enforcement Directorate Guwahati Office. ANNEXURE-10 is the letter dated 05.06.2013 sent by Shri P. K. Sharma, Director of the Appellant/Company addressed to the Assistant Director, Enforcement Directorate Guwahati Office. ANNEXURE-14 is the letter dated 10.08.2018 sent by Shri P. K. Sharma, Director of the Appellant/Company addressed to the Enforcement Directorate, Guwahati Office. All these Annexures were regarding information about purchase of land from Saradha Realty India Ltd. and pendency of civil proceedings concerning the land in question. In fact these Annex....