2025 (7) TMI 158

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....V. Raju, A.S.G.(N/P) Mr. Zoheb Hossain, Adv. Mr. Kanu Agrawal, Adv. Mr. Prasenjeet Mohapatra, Adv. Ms. Saumya Tandon, Adv. Mr. Mayank Pandey, Adv. Mr. Arvind Kumar Sharma, AOR Ms. Bhawna Gandhi, Adv. Ms. Akshita Gupta, Adv. For the Respondent(s) Ms. Sonali Jain, AOR Mr. Arvind Kumar Sharma, AOR. O R D E R SLP(C) No. 4027/2025 1. Pending disposal of the present Special Leave Petition, there is a prayer for interim relief, which is as follows: "(b) Without prejudice to the rights and contentions of the petitioners and as offered them "under protest" to the Respondent No. 2, this Hon'ble Court may be pleased to direct the Respondents to substitute the provisionally attached property with that of any of the unencumbered mar....

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.... 20, 2025, M/s CSV Techno Solutions LLP submitted a separate valuation report for the newly proposed units, estimating their fair market value at Rs. 42 crores. Accordingly, the consolidated valuation of the assets is as follows: Sr. No. No. of Units Value (in crores) Remarks 1. 274 275 Valuation report dated 14.05.2025 2. 43 42 Valuation report dated 20.05.2025 Total   INR 317 Crores" 3. Mr. Zoheb Hossain, further submitted that the Enforcement Directorate is agreeable to the substitution of the property, but he would request it to be subject to certain conditions. It is further submitted that the following conditions may be incorporated in the order:- "10. xxx xx....

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....ions, or project progress. This is to safeguard the interests of genuine purchasers and uphold the commercial viability of the overall project. vi. Consent to hand over possession of alternate assets in the event of confirmation of attachment by Ld. Adjudicating Authority:  In the event of confirmation of attachment with respect to the alternate assets by Ld. Adjudicating Authority, the petitioner shall hand over possession of alternate assets to ED. vii. Disclosure of Source of Acquisition Funds: The petitioner shall provide a complete and transparent disclosure of the source of funds used to acquire the substituted assets, with supporting financial records, to ensure the substituted assets are untainted and not deri....