Provisional attachment order beyond the gamut of chargesheet unsustainable

Prakash Industries Ltd. Vs Directorate of Enforecement (Delhi High Court) Held that the impugned proceedings rest on the second chargesheet which bids us to restrict scrutiny upto 04 September 2003 and there is no allegation that any illegal monetary gains were derived or obtained as on 04 September 2003. Provisional order of attachment held illegal. Facts- The petitioners, Prakash Industries Ltd. (PIL), is stated to have applied for the grant of a mining lease on 25 May 1992. The Ministry of Coal is stated to have apprised PIL of its decision to permit it to explore the Hasdeo-Arand coal bloc...