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2021 (2) TMI 1359 - HC - Money LaunderingJurisdiction - power of Adjudicating Authority to proceed under Sections 5 and 8 of the Prevention of Money Laundering Act, 2002, after the mandatory time period of 180 days has lapsed - HELD THAT:- The order in DIRECTORATE OF ENFORCEMENT & ANR. VERSUS M/S VIKAS WSP LTD & ORS. [2021 (1) TMI 1161 - DELHI HIGH COURT] has been passed by a ld. Division Bench of this Court where it was held that The Adjudicating Authority shall not proceed further as this LPA is pending before this Court. Both counsels submit that the issues raised herein are similar in nature to the legal issue raised in the above LPA. The Petitioners shall maintain status-quo in respect of the moveable and immovable assets which have been attached by the PAO dated 28th February, 2020. Subject to the same, the proceedings before the Adjudicating Authority shall remain stayed until the decision in LPA 362/2020. List on 15th July, 2021.
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