M/S.Precious Energy Holdings Ltd., v. The Directorate Of Enforcement,

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 12.03.2026 CORAM :

THE HONOURABLE MR. SUSHRUT ARVIND DHARMADHIKARI, CHIEF JUSTICE AND THE HONOURABLE MR.JUSTICE G.ARUL MURUGAN and Crl.M.P.Nos.4054 and 4055 of 2026 Precious Energy Holdings Ltd., Rep. by its Authorized Representative, Mr.Ismail Kamal Suite 6, Mill Mall, Wickhams Cay 1, PO Box 3085, Road Town, Tortola, British Virgin Islands.

Petitioner Vs The Directorate of Enforcement, Rep. by its Assistant Director, Government of India, 2nd and 3rd Floor, C Block, Murugesa Naicker Office Complex, No.84, Greams Road, Thousand Lights, Chennai-600 006.

Respondent PRAYER : Petition filed under Section 528 of the Bharatiya Nagarik Suraksha Sanhita, 2023 to call for the records pertaining to Spl.CC.No.01 of 2022 on the file of the Honble XIII Additional Sessions

Judge (Special Judge for CBI Cases), Chennai and quash the same and pass such further or other orders as this Honble court deems fit and proper in the facts and circumstances of the case. For Petitioner:

Mr.Abudu Kumar Rajaratnam Senior Counsel for Mr.K.M.Kalicharan For Respondent:

Mr.N.Ramesh Special Public Prosecutor for ED Cases

ORDER

(Order of the Court was made by the Hon'ble Chief Justice) Heard learned Senior Counsel for the petitioner and learned counsel for the respondent.

2. Today, when the petition comes up for hearing, learned counsel for the respondent would submit that the statement made before the Court earlier is correct, as not only the predicate offence has been quashed in appropriate proceedings before the appropriate Court, but, on the said basis, the PMLA offence against the co-accused has also been quashed by a Division Bench of this Court by order dated 07.10.2025 in Crl.O.P.No.12147 of 2025.

3. We have gone through the contents of the petition and the order by which the predicate offence has been quashed by the Court as also the order of this Court dated 07.10.2025.

4. In our consideration, in view of orders mentioned aforesaid, the proceedings in Spl.C.C.No.01 of 2022 on the file of XIII Additional Sessions Judge (Special Judge for CBI Cases), Chennai, pending against the petitioner, who is Accused No.6, also deserves to be quashed and it is, accordingly, quashed.

This Crl.O.P. is, accordingly, allowed. Consequently, the interim applications stand closed.

(SUSHRUT ARVIND DHARMADHIKARI, CJ) (G.ARUL MURUGAN,J) 12.03.2026 Index :

Yes/No :

Yes/No bbr

To:

1.The Assistant Director, Directorate of Enforcement, Government of India, 2nd and 3rd Floor, C Block, Murugesa Naicker Office Complex, No.84, Greams Road, Thousand Lights, Chennai-600 006.

2.The XIII Additional Sessions Judge.

(Special Judge for CBI Cases), Chennai

THE HON'BLE CHIEF JUSTICE AND G.ARUL MURUGAN, J.

bbr 12.03.2026