The case involves appeals arising from a Special Leave Petition concerning a Provisional Attachment Order (PAO) passed against a Corporate Debtor and its properties under the Prevention of Money Laundering Act (PMLA). The parties, including the Directorate of Enforcement (DoE), reached an amicable settlement to protect the interests of genuine and innocent home buyers. The matter also involves a Resolution Plan approved by the National Company Law Tribunal (NCLT) and its interaction with PMLA provisions and the Insolvency and Bankruptcy Code (IBC).
The parties reached an amicable settlement pursuant to court orders dated 11.09.2025 and 18.09.2025, in the interest of innocent and genuine home buyers.
An Affidavit dated 07.10.2025 was filed by the Directorate of Enforcement (DoE).
Provisional Attachment Order No. 05/2019 dated 02.04.2019 was passed against the Corporate Debtor.
The Provisional Attachment Order is partially set aside, and attached properties are directed to be restored to the Successful Resolution Applicant (SRA) for the benefit of home buyers who subsequently acquired the attached units.
The provisional attachment continues for 11 units in the project, Royal Raj Villas (RRV), identified in the Additional Affidavit dated 07.10.2025 of the DoE.
…Sign in to view the parties.
Provisional Attachment…
Appeal FPA-PMLA-3275/JP/…
The case involves appeals arising from a Special Leave Petition concerning a Provisional Attachment Order (PAO) passed against a Corporate Debtor and its properties under the Prevention of Money Laundering Act (PMLA). The parties, including the Directorate of Enforcement (DoE), reached an amicable settlement to protect the interests of genuine and innocent home buyers. The matter also involves a Resolution Plan approved by the National Company Law Tribunal (NCLT) and its interaction with PMLA provisions and the Insolvency and Bankruptcy Code (IBC).
The parties reached an amicable settlement pursuant to court orders dated 11.09.2025 and 18.09.2025, in the interest of innocent and genuine home buyers.
An Affidavit dated 07.10.2025 was filed by the Directorate of Enforcement (DoE).
Provisional Attachment Order No. 05/2019 dated 02.04.2019 was passed against the Corporate Debtor.
The Provisional Attachment Order is partially set aside, and attached properties are directed to be restored to the Successful Resolution Applicant (SRA) for the benefit of home buyers who subsequently acquired the attached units.
The provisional attachment continues for 11 units in the project, Royal Raj Villas (RRV), identified in the Additional Affidavit dated 07.10.2025 of the DoE.
…Provisional Attachment…
Appeal FPA-PMLA-3275/JP/…