SC reviews challenge to provisional attachment order under PMLA section 5 after HC partially set aside property attachments

The SC reviewed a challenge to a provisional attachment order under section 5 of the Prevention of Money Laundering Act (PMLA). The HC had partially set aside the provisional attachment order dated 22.05.2024, specifically setting aside the attachment relating to Schedule A properties while maintaining the attachment of movable properties listed in Schedule B. The petitioner was directed to pursue alternative remedies for the Schedule B properties. The SC listed the matter for hearing after two weeks as requested by counsel for both parties, indicating the case remains pending for further adjudication.

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The Supreme Court, through Hon'ble Justices Bela M. Trivedi and Prasanna B. Varale, issued an order scheduling the matter for listing after two weeks, as requested by counsel. The Court directed that "pleadings be completed in both the SLPs" in the interim. No substantive legal reasoning or holdings were articulated in this order.

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