Suryakumar Gaurishankarn Kanojia vs The Municipal Corporation Of Greater ...

ik-51900906 Bombay High Court 23 December 2025 • CRIMINAL APPEAL NO. 1309 OF 2024; CRIMINAL APPEAL NO. 1309 OF 2024; CRIMINAL APPEAL NO. 79 OF 2020; CRIMINAL APPEAL NO. 79 OF 2020; CRIMINAL APPEAL NO. 1051 OF 2019; CRIMINAL APPEAL NO. 1051 OF 2019; CRIMINAL APPEAL NO. 1051 OF 2019 • 48 min read

Judges (2)

A.S. Gadkari Delivered Ranjitsinha Raja Bhonsale Coram

Parties (11)

ACE Card Export Pvt. Ltd. Respondent ACE Card HR Pvt. Ltd. Respondent ACE Card Infrasol Pvt. Ltd. Respondent ACE Card Trading Pvt. Ltd. Respondent Dhan Share Trading Pvt. Ltd. Respondent Directorate of Enforcement Appellant Municipal Corporation of Greater Mumbai Respondent Shapoorji Pallonji and Co. Pvt. Ltd. Respondent Union of India Appellant Nilesh J. Thakur Respondent Suryakumar Gaurishankarn Kanojia Respondent

Case Significance

Suryakumar Gaurishankarn Kanojia vs The Municipal Corporation Of Greater ... is a Bombay High Court decision dated December 23, 2025 (citation: ik-51900906). A PMLA criminal appeal by the Directorate of Enforcement concerned the ACE Card group of companies where proceeds of crime were invested in fixed deposits. The Division Bench directed that 50% of the accrued interest on the attached fixed deposits be refunded to Shapoorji Pallonji and Co. Pvt. Ltd. (the depositor), and the remaining 50% be transferred to the Armed Forces Battle Casualties Welfare Fund (AFBCWF). The Registry was directed to verify compliance within two weeks. The bench comprised Justices A.S. Gadkari and Ranjitsinha Raja Bhonsale. The judgment was delivered by Justice A.S. Gadkari.

Summary

A PMLA criminal appeal by the Directorate of Enforcement concerned the ACE Card group of companies where proceeds of crime were invested in fixed deposits. The Division Bench directed that 50% of the accrued interest on the attached fixed deposits be refunded to Shapoorji Pallonji and Co. Pvt. Ltd. (the depositor), and the remaining 50% be transferred to the Armed Forces Battle Casualties Welfare Fund (AFBCWF). The Registry was directed to verify compliance within two weeks.

What was the outcome of Suryakumar Gaurishankarn Kanojia vs The Municipal Corporation Of Greater ...?

A PMLA criminal appeal by the Directorate of Enforcement concerned the ACE Card group of companies where proceeds of crime were invested in fixed deposits. The Division Bench directed that 50% of the ...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-51900906)