EPITOME MULTITRADE LTD. AND ANR vs NARESH T JAIN AND 5 ORS

Judgment text excerpt

JUDGMENT-WP-1511-2021-F.DOCX Amol IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO. 1511 OF 2021 1. Mr. Naresh T. Jain Age: 48 Years, Occupation: Chartered Accountant, Residing at B-501, Ashok Gardens, Tokersay Jivrai Road Sewree Mumbai – 400 015, Maharashtra 2. Mr. Naresh T. Jain Having it’s office at Unit No. 111, Navyug Industrial Estate, TJ Road, Sweri, Mumbai – 400 015. Through its Director Mr. Naresh Jain 3. M/s Aparajita Mercantile Pvt. Ltd Having it’s office at Unit No. 111, Navyug Industrial Estate, TJ Road, Sweri, Mumbai – 400 015. Through its Director Mr. Naresh Jain …Petitioners Versus 1. The Union of India AMOL Through the Ministry of Finance, PREMNATH JADHAV Having it’s office at 2nd Floor, Digitally signed by Ayykar Bhavan, New Marine Lines, AMOL PREMNATH JADHAV Date: 2025.11.24 Mumbai-400 020, Maharashtra 19:25:47 +0530 2. Directorate of Enforcement, Zone -I Maharashtra, Mumbai, Having it’s office at Zonal Office – I Page 1 of 37 JUDGMENT-WP-1511-2021-F.DOCX Kaiser- I – Hind Building, Ballard Estate, Mumbai – 400 001. …Respondents WITH INTERIM APPLICATION (L) NO. 17476 OF 2021 IN WRIT PETITION NO. 1511 OF 2021 Epitome Multitrade Pvt. Ltd. & Anr …Applicants In the matter between Mr. Naresh T. Jain & Ors …Petitioners Versus The Union of India & Ors …Respondents ______________________________________________________ Mr. Nishant Chothani along with Mr. Shaunak Sawant, i/b, Vidhii Partners, for the Petitioners. Mr. Sachin Pawar, with Mr. Dewang S. Mhatre, for the Respondent Nos. 2 and 3. ______________________________________________________ CORAM M.S. Sonak & Advait M. Sethna, JJ. Reserved On: 21 November 2025 Pronounced On: 24 November 2025 Judgment: (Per M.S. Sonak J) 1. Heard Mr Nishant Chothani, along with M