SHRI AMRIT PAL SINGH vs DIRECTORATE OF ENFORCEMENT

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Pronounced on: 1st July, 2025 + BAIL APPLN.1322/2025 SHRI AMRIT PAL SINGH .....Petitioner Through: Ms. Anjali Jha Manish, Mr. Priyadarshi Manish, Ms. Madhuri Malegaonkar and Mr. Paras Aneja, Advs. versus DIRECTORATE OF ENFORCEMENT .....Respondent Through: Mr. Zoheb Hossain, Spl. Counsel, Mr. Vivek Gurnani, Panel Counsel with Mr. Kartik Sabharwal, Mr. Kanishk Maurya, Mr. Pranjal Tripathi, Mr. Anand Khatri & Ms. Ilma Khan, Advs. CORAM:- HON'BLE MR. JUSTICE RAVINDER DUDEJA JUDGMENT RAVINDER DUDEJA, J. 1. This is an application for grant of anticipatory bail under Section 482 of Bharatiya Nagrik Suraksha Sanhita, 2023 on behalf of the applicant, Amrit Pal Singh in ECIR No. ECIR/DLZO-II/24/2022, under Section 3 and 4 of the Prevention of Money Laundering Act, 2002. BAIL APPLN. 1322/2025 Page 1 of 16 Signature Not Verified Digitally Signed By:VAISHALI PRUTHI Signing Date:01.07.2025 14:58:42 Background 2. The Applicant, Shri Amrit Pal Singh, a resident of Hong Kong for the past 17 years, is the Director of M/s. Broway Group Ltd. His company has been arrayed as Accused No.8 in the first supplementary complaint dated 31.01.2023 filed by the Directorate of Enforcement under Sections 44 and 45 of the Prevention of Money Laundering Act, 2002 (PMLA), alleging commission of offence under Section 3, punishable under Section 4, read with Section 70 of the PMLA. The complaint alleges that his company received a sum of Rs. 20.75 Crores from M/s Mizta Tradex Pvt. Ltd., an Indian entity, purportedly for the import of Photosensitive Semiconductor Devices. The Applicant contends that the transaction was a bona fide business dealing duly supported by documentary evidence, including invoices, airway bills, bill of entry, and remittance records bea