2026 (2) TMI 606

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.... For the Appellant Through: Mr. Zoheb Hossain, Spl. Counsel for ED with Mr. Vivek Gurnani, Panel Counsel & Mr. Kartik Sabharwal, Advs. For the Respondent Through: Ms. Priyal Sarawagi & Mr. Vansh Dhall, Advs. JUDGMENT PER 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'), challe....

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....eedings pending or proposed to be initiated in any part of the world. Those are 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 ....

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.... i) Sterling Biotech Limited:- Vide order dated 11.11.2022, Sterling Biotech has been sold by the liquidator as a going concern as per the Code and IB Board of India (Liquidation Process) Regulations, 2016. ii) Sterling International Enterprises Limited:- Vide order dated 18.10.2021, the National Company Law Tribunal (NCLT) Mumbai had ordered liquidation of the said company. ....

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.... passed by the Supreme Court in SLP(C) Nos. 29327-29328/2019, titled Committee of Creditors v. Directorate of Enforcement & Ors., and other similar orders, the learned counsel for the appellant submits that, without prejudice to the rights and contentions of the respective parties, the subject properties be deemed to have been released to the successful Resolution Applicant in terms of Section 8(8....