DIRECTORATE OF ENFORCEMENT vs M/S. HI-TECH MERCANTILE INDIA PVT LTD & ORS. & ORS.

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 15.09.2025 Judgment pronounced on: 17.10.2025 LPA 588/2022 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 and Mr. Sheikh Raqueeb, Advs. versus M/S. HI-TECH MERCANTILE INDIA PVT LTD & ORS. & ORS. .....Respondents 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 and Mr. Yash Pandey, Advs. LPA 590/2022 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 and Mr Sheikh Raqueeb, Advs. versus M/S. PRAKASH INDUSTRIES LTD AND ANR & ANR. .....Respondents Through: Mr. Kapil Sibal, Sr. Adv. with Mr. Shivam Tandon, Mr Ankur Chawla, Mr. C. B. Bansal, Mr. Gurpreet Singh, Mr. Aamir 1. These Appeals assail the correctness of the Judgement and Order dated 19.07.2022 [hereinafter referred to as „IJ‟] passed by the learned Single Judge [hereinafter referred to a