Punjab National Bank vs The Deputy Director, Directorate Of ...

ik-92846797 Delhi High Court 19 February 2026 • 3 min read

Judges (2)

Navin Chawla Delivered Ravinder Dudeja Coram

Counsel (9)

Aayushi Meena Counsel Appellant Aniket Kumar Singh Counsel Respondent Karan Grover Counsel Respondent Keshav Thakur Counsel Appellant Mahesh Prasad Counsel Appellant Prithvi Thakur Counsel Appellant Priya Rai Counsel Respondent Rahul Tyagi Counsel Respondent Rajesh Chauhan Counsel Appellant

Parties (2)

Deputy Director, Directorate of Enforcement Srinagar Respondent Punjab National Bank Appellant

Case Significance

Punjab National Bank vs The Deputy Director, Directorate Of ... is a Delhi High Court decision dated February 19, 2026 (citation: ik-92846797). Punjab National Bank filed an appeal under Section 42 of PMLA challenging the Appellate Tribunal's order. The respondent raised a preliminary objection on territorial jurisdiction, arguing that the cause of action arose in Jammu and the appellant bank's branch was also in Jammu. The Division Bench upheld the objection, holding that Section 42 PMLA requires the appeal to be filed in the High Court where the aggrieved party ordinarily resides or carries on business, and dismissed the appeal wit The bench comprised Justices Navin Chawla and Ravinder Dudeja. The judgment was delivered by Justice Navin Chawla.

Summary

Punjab National Bank filed an appeal under Section 42 of PMLA challenging the Appellate Tribunal's order. The respondent raised a preliminary objection on territorial jurisdiction, arguing that the cause of action arose in Jammu and the appellant bank's branch was also in Jammu. The Division Bench upheld the objection, holding that Section 42 PMLA requires the appeal to be filed in the High Court where the aggrieved party ordinarily resides or carries on business, and dismissed the appeal with liberty to approach the competent court.

What was the outcome of Punjab National Bank vs The Deputy Director, Directorate Of ...?

Punjab National Bank filed an appeal under Section 42 of PMLA challenging the Appellate Tribunal's order. The respondent raised a preliminary objection on territorial jurisdiction, arguing that the ca...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-92846797)