Delhi HC stays Enforcement Directorate notice seeking possession of ‘attached’ land, ET RealEstate

July 17, 2023

The Delhi High Court has stayed the operation of notices issued by the Enforcement Directorate seeking the physical possession of properties which were attached by the agency in connection with an alleged coal-block allotment scandal.

The federal agency, which probes money-laundering cases, had attached two land parcels of Revati Cements Pvt Ltd and its director Umesh Shahra, claiming that the properties were purchased using illegal benefits derived from the scandal.

The land parcels – measuring 26.76 hectares and 18.92 hectares – in Madhya Pradesh were provisionally attached in September 2019 and estimated to be worth nearly Rs 20 crore.

Proceeding against the company under the Prevention of Money Laundering Act (PMLA), the ED last month issued notices seeking physical possession of this land.

Appearing on behalf of the company and its director, advocates Vijay Aggarwal and Hardik Sharma sought that the notices be set aside, arguing that they were issued after an unexplained delay of more than three years since the attachment of the properties were confirmed by the Adjudicating Authority under PMLA in 2020.

As per the PMLA, seeking possession shall be issued “forthwith”, Aggarwal contended.

  • Published On Jul 17, 2023 at 09:14 AM IST

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