2026 (2) TMI 130

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ough: Mr. Zoheb Hossain, Special Counsel with Mr. Vivek Gurnani, Panel Counsel, Mr. Kartik Sabharwal and Mr. Satyam, Advs. For the Respondent Through: Mr. Rajesh Rattan, Adv. NAVIN CHAWLA, J. (ORAL) 1. This appeal has been filed under Section 42 of the Prevention of Money Laundering Act, 2002 (hereinafter referred to as, the 'PMLA'), challenging the order dated 16.06.2019 passed by the le....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....re to be considered as per law and without any influence of this order which is being passed in the interest of public as bank money is a public money. Most of the banks are public sector banks. Their valid and legal recovery cannot be blocked for years without valid reasons. Therefore, the issue in hand is being decided only for limited purposes 34. In view of the above, the impugned ord....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ced before us the written instructions received by him vide an e-mail dated 22.01.2026, which reads as under: "In view of the Supreme Court Judgement, the FIRs which are the predicate offences in this case as well as the proceedings under PMLA, initiated by ED against the Sterling group have been quashed, therefore we may seek to withdraw the present appeal with a request to the High Cour....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....perty) Rules, 2016, without prejudice to the rights and contentions of the respective parties. 6. Though the learned counsel for the respondent submits that in view of the order passed by the learned Appellate Tribunal impugned in the present appeal, the attachment of the properties in question has itself been held to be without jurisdiction, we are of the opinion that, in view of the subsequen....