Supreme Court grants stay order in complaint proceedingsMoney Laundering - public auction - the allegations are to the effect that the lands, which would fetch higher value in the public auction, were purchased by the petitioners in connivance with the other accused resulting in a huge loss - burden to prove. HELD THAT:- Issue notice.... ... ... Title: Supreme Court of India stays proceedings in complaint CC No. 56/2018

Key Points:
- Citation: 2019 (12) TMI 1560 - SC Order
- Judges: HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE B.R. GAVAI, HON'BLE MR. JUSTICE SURYA KANT
- Petitioner represented by Dr. A.M. Singhvi and team
- Respondent represented by Mr. Tushar Mehta and team
- Court heard both sides and issued notice
- Solicitor General requested stay on proceedings in complaint CC No. 56/2018
- Order granted to stay proceedings Money Laundering - public auction - the allegations are to the effect that the lands, which would fetch higher value in the public auction, were purchased by the petitioners in connivance with the other accused resulting in a huge loss - burden to prove. HELD THAT:- Issue notice. M/s. VGN DEVELOPERS PVT LTD. & ANR. Versus THE DEPUTY DIRECTOR DIRECTORATE OF ENFORCEMENT
Money Laundering
2019 (12) TMI 1560 - SC Order - TMI
SUPREME COURT OF INDIA - SC
Dated:- 17-12-2019
SPECIAL LEAVE TO APPEAL (CRL.) NO. 10627/2019 - -
PMLA
HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE B.R. GAVAI AND HON'BLE MR. JUSTICE SURYA KANT For the Petitioner : Dr. A.M. Singhvi, Sr. Adv., Mr. Balaji Subramanian, Adv., Mr. Avishkar Singhvi, Adv., Ms. Ishani Banerjee, Adv., Mr. A. Lakshminarayanan, AOR For the Respondent : Mr. Tushar Mehta, S.G., Mr. Rajat Nair, Adv., Mr. Kanu Agrawal, Adv., Mr. B.K. Prasad, AOR ORDER We have heard both sides. Issue notice. Learned Solicitor General states that in the peculiar facts of this case, further proceedings in the complaint filed by the respondent being CC No. 56/2018 pending before the Special Court, Principal Sessions Judge, City Civil Court, Chennai may be stayed. Order accordingly.
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