M/S. Kalptaru Fincap Limited v. Directorate Of Enforcement

$~11 to 13 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 14.05.2026 + CRL.M.C. 7536/2025 & CRL.M.A. 31546/2025 NARESH AGGARWAL .....Petitioner Through:

Mr. Avi Singh, Senior Advocate with Mr. Aditya Dewan and Ms. Himangi Kapoor, Advocates.

versus DIRECTORATE OF ENFORCEMENT .....Respondent Through:

Mr. Vivek Gurnani, Panel Counsel for ED with Mr. Pranjal Tripathi and Ms.

Tanvi Jain, Advocates.

+ CRL.REV.P. 154/2025 & CRL.M.A. 12143/2025 M/S COMPACT CAPITAL LIMITED .....Petitioner Through:

Mr. Kartik Yadav, Mr. Manhar Singh and Mr. Pareesh Virmani, Advocates.

versus DIRECTORATE OF ENFORCEMENT .....Respondent Through:

Mr. Anupam S. Sharrma, Special Counsel (through videoconferencing) with Ms.

Harpreet Kalsi, Mr.

Vashishth Rao, Mr. Abhiyant Singh and Ms. Amisha P. Dash. Advocates.

+ CRL.REV.P. 190/2025 & CRL.M.A. 14538/2025 Page 1 of 3 pages 2.5.4.20=8401dd889b27a77b2f65ffffe4afec4556 9af3962c6fb4835d435f97626cacca, ou=HIGH COURT OF DELHI,CID - 7047638, serialNumber=d3e86796451ec45c07b5d155709 96b40f80cbd2eee60402c487965ff801e26fa, cn=GIRISH KATHPALIA Date: 2026.05.14 05:32:26 +05'30'

M/S. KALPTARU FINCAP LIMITED .....Petitioner Through:

Mr. M. A. Niyazi, Ms. Anamika Ghai, Ms. Kirti Kumari and Ms.

Nehmat Sethi, Advocates.

versus DIRECTORATE OF ENFORCEMENT .....Respondent Through:

Mr. Anupam S. Sharrma, Special Counsel (through videoconferencing) with Ms.

Harpreet Kalsi, Mr.

Vashishth Rao, Mr. Abhiyant Singh and Ms. Amisha P. Dash. Advocates.

CORAM: JUSTICE GIRISH KATHPALIA J U D G M E N T (ORAL) 1.

These three petitions having arisen out of same ECIR and assailing same order passed by the learned trial court are taken up together for disposal. I have heard learned senior counsel as well as learned counsel for petitioners and learned special counsel and learned counsel for respondent (Directorate of Enforcement).

2.

Broadly speaking, the issue revolves around non-compliance with proviso to Section 223 BNSS. The admitted position is that the learned trial court passed cognizance order without issuing notice to the present petitioners (proposed accused therein). In this regard, learned senior counsel for petitioners has placed reliance on certain judicial precedents, already Page 2 of 3 pages 2.5.4.20=8401dd889b27a77b2f65ffffe4afec45 569af3962c6fb4835d435f97626cacca, ou=HIGH COURT OF DELHI,CID - 7047638, serialNumber=d3e86796451ec45c07b5d1557 0996b40f80cbd2eee60402c487965ff801e26fa , cn=GIRISH KATHPALIA Date: 2026.05.14 05:32:15 +05'30'

forming part of these petitions.

3.

Learned special counsel and learned counsel for respondent in all fairness admit that in view of the legal position as it stands today, the impugned order is not sustainable on account of non-compliance with proviso to Section 223 BNSS. However, it is submitted by them that this concession may not be extended to the merits of the case qua the cognizance order.

4.

After some discussion, with consent of both sides, these petitions are disposed of by setting aside the impugned orders dated 25.09.2024 in CC No. 01/2024 and the consequent summons, and directing the present petitioners to appear before the learned trial court on 10.06.2026, which is the date already fixed. In this regard, with consent of both sides, issuance of formal notice by the trial court for the purposes of hearing under Section 223 BNSS shall stand dispensed with. On 10.06.2026, the learned trial court shall fix fresh date for hearing on cognizance and then pass fresh orders. Accompanying applications also stand disposed of. 5.

Copy of this order be sent to the learned trial court. 2.5.4.20=8401dd889b27a77b2f65ffffe4afec45 569af3962c6fb4835d435f97626cacca, ou=HIGH COURT OF DELHI,CID - 7047638, serialNumber=d3e86796451ec45c07b5d1557 0996b40f80cbd2eee60402c487965ff801e26f a, cn=GIRISH KATHPALIA Date: 2026.05.14 05:32:01 +05'30'

GIRISH KATHPALIA (JUDGE) MAY 14, 2026/dr Page 3 of 3 pages