2020 (6) TMI 89

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.... (exemption) CM APPL. No. 10958/2020 in W.P.(C) 3150/2020 (exemption) Exemption is granted, subject to just exceptions and subject to the petitioners completing all requirements of filing certified/original/legible copies of annexures and attested affidavits within 10 days of lifting of lockdown. The applications stand disposed of. W.P.(C) Nos. 3148/2020, 3149/2020 and 3150/2020 At the outset, it may be recorded that the petitioner in W.P.(C) No. 3148/2020 M/s. PAFM Security Solutions Private Limited is the wholly owned subsidiary of the petitioner in W.P(C) No. 3150/2020 M/s. Petra Asset and Facility Management Private Limited; which in-turn is the wholly owned subsidiary of the petitioner in W.P. (C) No. 3149/2020 M/s. NCUB....

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.... between April 2018 and June 2018, whereas the investment of Rs. 13.44 crores made by DOIT in NCUBE dates back to between 18.09.2013 and 23.02.2015. Mr. Sibal accordingly contends that the money so invested by the subject entities cannot possibly be "proceeds of crime" within the meaning of section 2(u) of the PMLA. 5. Issue notice on the writ petitions. 6. Mr. Amit Mahajan, learned CGSC appears for the respondents on advance copy; accepts notice; and seeks time to file counteraffidavits. 7. Let counter-affidavit be filed within four weeks ; rejoinder thereto, if any, be filed within two weeks thereafter. CM APPL. Nos. 10947/2020, 10955/2020, 10957/2020 (for stay and defreezing of bank accounts) 8. Issue notice on the applica....

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....ame to the petitioner so that the amount is not released to that person. That apart he states, salary shall be paid after deducting the TDS and permission be also granted by this court to deposit the TDS and connected statutory dues (connected with the salary) with the authorities concerned. That apart in so far as the prayers in CM. No. 10771/2020 are concerned, it is the submission of Mr. Luthra that the petitioner has to receive monies from the lenders / customers, which be allowed to be deposited in separate bank accounts to be opened by the petitioner in the aforesaid Banks. He states, the petitioner shall not withdraw any amount so deposited till the next date of hearing." (Emphasis supplied) 11. On instructions of Mr. ....

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....heads indicates/tabulated in the petitions. 14. If the respondents have any doubt as to the employee/s and/or the dues payable, they shall communicate the same to the petitioners ; and no disbursement shall be made by the petitioners to such employee and/or of such amount. 15. Furthermore, insofar as monies receivable by the petitioners from customers and other parties are concerned, the petitioners shall open separate bank accounts in the respondent bank/s designated only for the said purpose under written intimation to respondent No. 3; and all receivables shall be credited only to such account/s. The petitioners shall not withdraw any amount deposited in such designated accounts. 16. It is further directed that the petitioners s....