2026 (1) TMI 265

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....adwaj, Adv., Ms. Divya S. Rao, Adv. For the Respondent(s) Mr. Gautam Khazanchi, Adv., Mr. Vipul Kumar, AOR, Mr. Sidharth Luthra, Sr. Adv., Mr. Vinayak Bhandari, Adv., Mr. Arnav Narain, AOR, Mr. Mishra Raj Shekhar, Adv., Mr. Ishaan Phukan, Adv., Ms. Shilpa Nair, Adv., Ms. Bhavi Vora, Adv. ORDER 1. By consent of the parties, the following order is passed:- The instant criminal appeal, bearing Criminal Appeal No. 2925 of 2025, has been filed by the Directorate of Enforcement challenging judgment and order of the Bombay High Court dated 28.11.2024 in Writ Petition (L) No. 32216 of 2024. 2. The parties are ad idem on the proposition that the objective of Section 8(8) of the Prevention of Money Laundering Act, 2002 (for short....

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....ated 02.07.2025, are directed to be restored to the SRA, who stepped into the shoes of the Corporate Debtor, upon successful resolution by the Corporate Insolvency Resolution Process. 5. This order is being passed, without going into the merits and the rival contentions of the parties, with regard to the correctness or otherwise of the impugned Judgment of the Bombay High Court, and all questions of law emanating from the same are kept open. 6. The present restitution order is deemed to have been passed in terms of the second proviso to sub-Section (8) of Section 8 of PMLA. 7. In view of Section 32A of the IBC, the name of the Corporate Debtor shall be deleted from the array of accused in Supplementary Prosecution Complaint dated 1....