Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
The Appellate Tribunal stated that its earlier common final order directing release of the attached properties and refund of the detained amount had already been upheld in challenge, and on that basis the appellants were entitled to possession of the properties. It further held that an order under the PMLA is executable as a civil court decree and may be transmitted under section 35(4) to the civil court having local jurisdiction for execution. As the properties were situated within the jurisdiction of the District and Sessions Court, Raigad-Alibag, the Tribunal directed transmission of the order and original record to that court for execution, while keeping the remaining execution issues pending.
The Appellate Tribunal stated that its earlier common final order directing release of the attached properties and refund of the detained amount had already been upheld in challenge, and on that basis the appellants were entitled to possession of the properties. It further held that an order under the PMLA is executable as a civil court decree and may be transmitted under section 35(4) to the civil court having local jurisdiction for execution. As the properties were situated within the jurisdiction of the District and Sessions Court, Raigad-Alibag, the Tribunal directed transmission of the order and original record to that court for execution, while keeping the remaining execution issues pending.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
