Sumit Bansal V. MGI Developers and Promoters and Sh. Manoj Kumar Goyal

OMP (ENF.) (COMM.)/203/2025

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In the case before the Delhi High Court, the applicant, a judgment debtor, sought to report a cash transaction amounting to Rs. 1,08,71,200 to the Income Tax Department and the Enforcement Directorate under the provisions of the Income Tax Act, 1961, and the Prevention of Money Laundering Act, 2002, respectively. The court found that these transactions had already been reported and addressed by the Income Tax Department, which had issued a notice to the decree holder, who had responded accordingly. Consequently, the court dismissed the application as the requested actions were deemed redundant. Additionally, the decree holder sought to withdraw an enforcement petition under the Arbitration and Conciliation Act, 1996, which was granted, allowing them to pursue other legal remedies.

• Counselvise Citation: [2026] 140 COUNSELVISE.COM (IT) 833171 (HC-DELHI)
• Appeal Type: Others
• Pronouncement Date: 29-01-2026
• Assessment Year: misc
• Other Referred Cases: The Correspondence, RBANMS Educational Institution v. B. Gunashekar & Another
• Laws Referred To: Civil Procedure Code, 1908, Income Tax Act, 1961, Prevention of Money Laundering Act, 2002, Arbitration and Conciliation Act, 1996
• Result in Favour of: Others
• Court: HIGH COURT
• Department Lawyers: STUTI JAIN; AKSHU JAIN; VISHWA BHARTI
• Assessee Lawyers: RAMEEZUDDIN RAJA; PEPAKAYALA; DEEPAK SHARMA
• Keywords: Cash transaction; Enforcement Directorate; Income Tax Department; Withdrawal of Petition; Compliance-cum-status report
• Section: 151; 36

Judgement Text

"$~31 * IN THE HIGH COURT OF DELHI AT NEW DELHI + OMP (ENF.) (COMM.) 203/2025 SUMIT BANSAL .....Decree Holder Through: Mr. Rameezuddin Raja, Ms.Pepakayala Geetanjali & Mr. Deepak Sharma, Advocates along with Petitioner in person versus MGI DEVELOPERS AND PROMOTERS THROUGH ITS PROPRIETOR SH. MANOJ KUMAR GOYAL & ANR. .....Judgement Debtors Through: Ms. Stuti Jain, Mr. Akshu Jain & Ms. Vishwa Bharti, Advocates CORAM: HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR O R D E R % 29.01.2026 EX.APPL.(OS) 134/2026 1. By way of the present application, under Section 151 of the Civil Procedure Code, 1908, the Applicant/ Judgment Debtor seeks the following reliefs: - “a) report the alleged cash transaction amounting to Rs. 1,08,71,200/- to the jurisdictional Income Tax Department for verification and for determination of any breach of the provisions of the Income Tax Act, 1961 and direct the Income Tax Authority to file a compliance-cum-status report before this Hon'ble Court. b) report the alleged cash transaction an1ounting to Rs.1,08,71,200/- to the Enforcement Directorate, considering the potential implications under the Prevention of Money Laundering Act, 2002, and direct the Enforcement Directorate to file a compliance-cum-status report before this Hon'ble Court; AND c) pass such other and further order as this Hon'ble Court may deem fit and proper under the circumstances of the case.” 2. Issue notice. Learned counsel for the Non-Applicant/ Decree This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 02/02/2026 at 12:09:46 Printed from counselvise.com Holder accepts notice. 3. This Court is informed that in terms of the judgment of the Hon’ble Supreme Court in the case titled as “The Correspondence, RBANMS Educational Institution v. B. Gunashekar & Another”, Civil Appeal No. 5200 of 2025, decided on 16.04.2025 [2025 INSC 490], the learned Arbitrator has already intimated the Income Tax Department. 4. This Court is of the opinion that there is no requirement for this Court to report the transactions, since the said reporting has already been done and necessary steps have been taken in this regard as the Income Tax Department has already issued notice to the Decree Holder. 5. It is also confirmed by the Decree Holder that a reply to the said notice also has been filed. 6. Therefore, in view of the foregoing facts, the application stands dismissed. OMP (ENF.) (COMM.) 203/2025 & EX.APPL.(OS) 1317/2025 (Seeking permission to place on record lengthy synopsis) 7. The present Enforcement Petition, under Section 36 of the Arbitration and Conciliation Act, 1996, seeks directions for issuance warrants of attachment and/or auction and /or sale of immovable and movable assets of the Judgement Debtors as described in Annexure-A annexed to the present Petition. 8. Learned counsel for the Decree Holder seeks leave of this Court to withdraw the present Petition with liberty to take appropriate steps as are available under law. 9. Leave and liberty, as sought for, is granted. This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 02/02/2026 at 12:09:46 Printed from counselvise.com 10. Accordingly, the present petition, along with pending application(s), if any, is dismissed as withdrawn. HARISH VAIDYANATHAN SHANKAR, J. JANUARY 29, 2026/rk/kr/sg This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 02/02/2026 at 12:09:46 Printed from counselvise.com "