2023 (5) TMI 659

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..... Advocate, Mr.Siddharth Aggarwal, Sr.Advocate alongwith Mr. Madhav Khurana, Ms. Stuti Gujral, Ms. Trisha Mittal, Ms. Shaurya Singh & Mr. Harsh Yadav, Advocates. For the Respondent: Mr. Zoheb Hossain & Mr. Vivek Gurnani, Advocates. JUDGMENT SANJEEV SACHDEVA, J. (ORAL) CM APPL. 23891/2023 (Exemption) Exemption allowed, subject to all just exception. MISC. APPEAL (PMLA) 5/2023 & CM....

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....unal and the challenge by the appellant has been rejected by the impugned order dated 08.05.2023. 4. Learned senior counsel appearing for the appellant submit that two major issues arise with regard to the impugned order, i.e.,: (i) The Appellate Tribunal has erroneously returned a finding that the valuation of the assets to be attached has to be the valuation as on the date of acquisi....

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....before the Adjudicating Authority. 8. Learned Senior Counsel pray that though the issue before the Appellate Tribunal was with regard to the request of the appellant to examine/cross-examine the officers of the authority, finding has been returned with regard to the date of the valuation of the asset, i.e., as to whether it is the market value or the acquisition value. 9. He submits that sai....

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....023 on the merits of the factual matrix as well as legal issues. (iii) The Adjudicating Authority shall permit the appellant to address arguments and rely upon the material that has already been placed before it by the appellant before forming an opinion with regard to passing of the final order in terms of Section 8 of the Act. 11. The appeal is accordingly dismissed as withdrawn, how....