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TMI Blog2021 (1) TMI 1327X X X X Extracts X X X X X X X X Extracts X X X X ..... respondent No. 1 - section 26 of the Prevention of Money Laundering Act, 2002 - HELD THAT:- It is an admitted fact that the property in question is purchased and in possession of the appellant even though lying vacant. It is also an admitted fact that the property is hypothecated to IBHFL and further as per the submission of the respondent no. 1 the property is also mortgaged to IDBI. In the circumstances, it would be proper on the part of both the parties to maintain status quo till the next date of hearing. The order of status quo is subject to conditions imposed. The respondent no. 1 is granted six weeks time to file the reply to the stay application with an advance copy to be served on the other side - The appellant has sent an email da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -PMLA-8116/MUM/2021 (Misc.) in FPA-PMLA-3878/MUM/2021 5. Alongwith appeal, an application for directing the Registry of the Adjudicating Authority to produce the official record of O.C. No. 1329/2020 has been filed. Upon hearing, issue notice. Both the parties accepts the notice who seeks time to file reply to the application within six weeks with an advance copy to the other side. MP-PMLA-8115/MUM/2021 (Stay) in FPA-PMLA-3878/MUM/2021 6. Along with appeal, an application under section 35 of the PMLA has been filed seeking ex parte ad interim stay of the impugned order dated 1-1-2021 and an order of status quo and/or an order directing the respondent no. 1 that no coercive steps be taken pursuant to the notice dated 7-1-2021 issued by the r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hased by the appellant after taking loan from Indiabulls Housing Finance Limited (IBHFL) and that it is under self-occupation of the appellant and that it is mortgaged with IBHFL and that the title deeds of the property are also in the possession of IBHFL and as such the appellant has no ability in law or in fact, to transfer, dissipate, conceal or otherwise deal with the property. 9. On the aforesaid grounds, the appellant is seeking the order of status quo of the property mentioned above. 10. On the other hand, the learned counsel for the respondent no. 1 raised strong objection for the grant of stay/status quo of the impugned order/eviction notice respectively. It is submitted by him that the property is also mortgaged with IDBI and that ..... X X X X Extracts X X X X X X X X Extracts X X X X
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