DIRECTORATE OF ENFORCEMENT vs M/S PRAKASH INDUSTRIES LTD

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 15.09.2025 Judgment pronounced on: 03.11.2025 LPA 102/2023 DIRECTORATE OF ENFORCEMENT .....Appellant Through: Mr. Zoheb Hossain, Spl Counsel for ED with Mr. Vivek Gurnani, Panel Counsel with Mr. Pranjal Tripathi, Mr. Kartik Sabharwal, Mr. Sheikh Raqueeb, Advs. versus M/S PRAKASH INDUSTRIES LTD .....Respondent Through: Through: Mr. Dayan Krishnan, Sr. Adv. with Mr. Ankur Chawla, Mr. Chander B. Bansal, Mr. Gurpreet Singh, Mr. Jatin S. Sethi, Mr. Bukul Jain, Mr. Kunal Aggarwal, Mr. Shivam Bansal, Mr. Yash Pandey, Advs. LPA 138/2023 DIRECTORATE OF ENFORCEMENT .....Appellant Through: Mr. Zoheb Hossain, Spl Counsel for ED with Mr. Vivek Gurnani, Panel Counsel with Mr. Pranjal Tripathi, Mr. Kartik Sabharwal, Mr. Sheikh Raqueeb, Advs. versus M/S PRAKASH THERMAL POWER LTD .....Respondent Through: Through: Mr. Dayan Krishnan, Sr. Adv. with Mr. Ankur Chawla, Mr. Chander B. Bansal, Mr. Gurpreet Singh, Mr. Jatin S. Sethi, Mr. Bukul LPA 102/2023 and connected matter 1. Through the present Appeals, the Appellant assails the correctness of the Judgment and Order dated 24.01.2023 [hereinafter referred to as „IJ‟] passed by the lea