BHARATI SAHAKARI BANK LTD. vs UNION OF INDIA & ORS.

Judgment text excerpt

$~253 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 28.04.2026 + LPA 296/2026, CM APPL. 26820/2026 & CM APPL. 26821/2026 BHARATI SAHAKARI BANK LTD. .....Appellant Through: Mr. Avi Singh, Senior Advocate along with Mr. Vehamra Mahaseth, Mr. Bhaskar Tripathi, Ms. Varuna Thakur, Ms. Gauri Pathak, Mr. Abhishek Singh & Ms. Nalinaksha, Advocates. versus UNION OF INDIA & ORS. .....Respondents Through: Mr. Amit Tiwari- CGSC along with Ms. Ayushi Srivastava, Mr. Ayush Tanwar, Mr. Arpan Narwal, Mr. Kushagra Malik & Mr. Ujjwal Tyagi, Advocates for Respondent No.1/Union of India. Mr. Zoheb Hossain, Advocate for ED. CORAM: HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE TEJAS KARIA DEVENDRA KUMAR UPADHYAYA, CJ. (Oral) 1. Heard the learned Counsel for the Parties. 2. This Intra-Court Appeal seeks to take an exception to an order dated 17.03.2026 (“Impugned Order”) passed by the learned Single Judge in W.P.(C) 12692/2025 (“Writ Petition”) whereby the learned Single Judge has disposed of the Writ Petition with an observation that the Appellant will Signature Not Verified LPA 296/2026 Page 1 of 6 Signed By:NEELAM SHARMA Signing Date:29.04.2026 18:14:31 have to challenge the order passed by the Adjudicating Authority (“Authority”) under Section 8 of the Prevention of Money Laundering Act, 2002 (“PML Act”) by way of availing the remedy of statutory appeal under the said Act. 3. The Writ Petition by the Appellant was preferred to challenge the Provisional Attachment Order (“PAO”) passed under Section 5 of the PML Act, 2002. While entertaining the Writ Petition, an interim order dated 01.09.2025 (“Interim Order”) was passed by the learned Single Judge that any order that may be passed by the Authority shall be subject to the outcome of the Writ Petition. 4. On the strength of