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KALYANI TRANSCO v. M/S BHUSHAN POWER AND STEEL LTD.

Supreme Court of India | Diary 7358/2020

Status

Order

Decided On

2024-12-11

Bench

HON'BLE MR. JUSTICE SATISH CHANDRA SHARMA, HON'BLE MS. JUSTICE BELA M. TRIVEDI

Petitioner

KALYANI TRANSCO

Respondent

M/S BHUSHAN POWER AND STEEL LTD.

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Full Judgment Text

1

IN THE SUPREME COURT OF INDIA

CIVIL APPELLATE JURISDICTION

C.A. NOS. OF 2024

(@SLP(C) Nos.29327-29328 of 2019)

COMMITTEE OF CREDITORS …APPELLANT(S)

VERSUS

DIRECTORATE OF ENFORCEMENT & OTHERS …RESPONDENT(S)

And

C.A. No. 3362 of 2020

DIRECTORATE OF ENFORCEMENT …APPELLANT(S)

VERSUS

JSW STEEL LTD. & OTHERS …RESPONDENT(S)

O R D E R

1. The Civil Appeals arising out of SLP(C) Nos. 29327-

29328/2019 have been filed by the Committee of

Creditors against the Directorate of Enforcement and

Others challenging the impugned order dated 10.10.2019

passed by the Directorate of Enforcement (hereinafter

referred to as the E.D.) in exercise of the powers

conferred under the Second proviso to sub-section(1)

of Section 5 of the Prevention of Money Laundering Act,

2

2002 (hereinafter referred to as the PMLA), ordering

provisional attachment of the properties as detailed

in the Table mentioned therein, of the Corporate Debtor

(Bhushan Power and Steel Ltd.), being the proceeds of

crime as defined under Section 2(1)(u) of the PMLA, and

challenging the impugned judgment dated 14.10.2019

passed by the National Company Law Appellate Tribunal,

New Delhi (hereinafter referred to as the NCLAT) in

Company Appeal (AT)(Insolvency) No. 957/2019, staying

the said order dated 10.10.2019 passed by the E.D. The

Civil Appeal No. 3362 of 2020 has been filed by the

E.D. against JSW Steel Ltd. and Others, challeng...

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