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2019 (1) TMI 1873 - Tri - Insolvency and BankruptcyRelease of attached movable and immovable properties of Corporate Debtor - notice has been issued against the Enforcement Directorate, and the proceeding is still pending - HELD THAT:- As Adjudicating Authority under IBC, we cannot exercise the powers of Appellate Authority against the order of PMLA Adjudicating Authority. It is also to be clarified that attachment order has been passed in the criminal case, which has been initiated on the basis of the investigation done by the Enforcement Directorate, on the allegation of dishonest intention to cheat Andhra Bank and other public sector banks and for causing wrongful loss to the banks to the tune of ₹ 5383 crores. No such moratorium order has been passed to stay the criminal proceedings and appeal against the attachment order is already pending before the Appellate Authority of PMLA Adjudicating Authority. Application dismissed.
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