9911796707
TMI Blog2021 (2) TMI 1384X X X X Extracts X X X X X X X X Extracts X X X X ..... made applicable to the present property which is acquired prior to the coming into the force of 2002. It is also considered that the purchase of the property was conveyed to the Government of India on 20-12-2004 - The appellant has made out prima facie case for grant of ad-interim order of 'status quo' with respect to the aforesaid property till the next date of hearing. The submissions of the Respondent regarding deposit of rent with the Respondent would be considered at the time of hearing of the stay application. The parties are directed to maintain the 'status quo', as on today, with respect to the property till the next date of hearing. The order of 'status quo' is subject to fulfilment of conditions imposed - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Owner Address 1. SCO No. 02, Sector 10-D, Chandigarh (Vasika No. 3437 dated 29-11-2004) Mandeep Singh S/o Sh. Naginder Singh R/o H. No. 747A, Sector 8-B, Chandigarh 6. The learned counsel for the appellant, inter alia, submitted that the property has been acquired in the year 2004 i.e. prior to the coming into the force of the PMLA, 2002 and that the total value of the properties attached are more than the value of the disproportionate assets and that the appellant has explained the source of purchase of present property and that the Adjudicating Authority has not considered the aforesaid facts while confirming the Provisional Attachment Order (PAO) and that in this regard he has referred to entries no. 7, 8 33 at pages 150 154 of Vol. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Respondent would file reply to the stay application within six weeks. 8. Heard both sides and considered the submissions made by both the parties. Gone through the materials available on records. The aforesaid property appears to have been purchased in the year 2004 and it is contended that since the PMLA, 2002 was not in existence so the same cannot be made applicable to the present property which is acquired prior to the coming into the force of 2002. It is also considered that the purchase of the property was conveyed to the Government of India on 20-12-2004. In view of the above, the appellant has made out prima facie case for grant of ad-interim order of 'status quo' with respect to the aforesaid property till the next date of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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