Possession under prevention of money laundering Act: notice restrains transfer and requires custody of attached immovable property. The notice records that an immovable property provisionally attached and confirmed by the Adjudicating Authority has been taken into possession by an authorized officer; possession remains at the disposal of the enforcement agency and the property must be kept intact. The notice restrains all persons from transferring, charging, selling, gifting, mortgaging, pledging or otherwise dealing in the property and from receiving the property by any of those means until further order.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Possession under prevention of money laundering Act: notice restrains transfer and requires custody of attached immovable property.
The notice records that an immovable property provisionally attached and confirmed by the Adjudicating Authority has been taken into possession by an authorized officer; possession remains at the disposal of the enforcement agency and the property must be kept intact. The notice restrains all persons from transferring, charging, selling, gifting, mortgaging, pledging or otherwise dealing in the property and from receiving the property by any of those means until further order.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.