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2019 (9) TMI 179 - HC - Money LaunderingOffence under PMLA - in the process of investigation, the Enforcement Directorate requested the banks to stop the withdrawal/transfer in the accounts - the petitioners are at liberty to make deposits in the concerned bank accounts without having the liberty to withdraw or transfer any amount from such bank accounts - HELD THAT:- Having heard the rival contentions of the parties, it would be appropriate to permit the parties to file affidavit. Let affidavit-in-opposition be filed with four weeks from date. Affidavit-in-reply, if any thereto, be filed within two weeks thereafter.The writ petition will be treated as ready for hearing immediately on expiry of the time period stipulated for filing affidavits. The parties are at liberty to mention for early hearing. So far as interim orders are concerned, I find that, there are serious charges of commission of economic offences against the petitioners. It is alleged that, the petitioners are guilty of dealing with the banks and financial institutions fraudulently. It would, therefore, be inappropriate to permit the petitioners to operate the bank accounts in the manner as prayed for, at this stage.
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