2022 (1) TMI 13

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...., Mr. Anshuman Singh, Ms. Tulika Gupta and Mr. Ankit Bhatia, Advocates. Respondent Through: Mr. Kirti Uppal, Senior Advocate with Mr. Sidharth Chopra, Mr. Aditya Gauri, Mr. Amar Vivek and Ms. Riya Gulati, Advocates. Ms. Maneesha Dhir, Advocate with Varsha Banerjee & Kanishk Khetan, Advocates for the Successful Auction Bidder-Lucky Holdings Pvt. Ltd. Mr. Neeraj Malhotra, Senior Advocate with Mr.....

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....dation estate, in spite of the prevailing Provisional Attachment order dated 02^nd December, 2021 under the Prevention of Money Laundering Act, 2002 in respect of assets worth Rs. 274.60/- crores which are under liquidation. Learned Additional Solicitor General states that the impugned judgment is contrary to the law laid down by the Supreme Court in Manish Kumar v. Union of India, (2021) 5 SCC....

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....attachment order qua the properties is transferred as an attachment order qua the sale proceeds to be deposited by the auction purchaser to the tune of Rs. 275 crores approximately. Issue notice. Mr. Sidharth Chopra, learned counsel accepts notice on behalf of the respondent. Ms. Maneesha Dhir, learned counsel for the auction purchaser i.e. Lucky Holdings Pvt. Ltd. and Mr. R.P. Agarwal, l....