Prospective customs notification amendments cannot bar provisional release consideration for earlier imports when bills of lading predate their commen...
Personal guarantor insolvency jurisdiction follows the corporate debtor's CIRP Bench, enabling inter-territorial transfer and preventing parallel proc...
Section 47-A undervaluation threshold: fraudulent intent requirement faces reconsideration after referral to a larger Bench for authoritative resoluti...
RBI supersession powers over multi-State co-operative banks operate independently of the constitutional six-month ceiling and permit statutory extensi...
Provisional attachment of mortgaged property requires recorded...
Provisional attachment fails without material showing likely concealment, transfer, or dealing that could frustrate confiscation of mortgaged property.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Provisional attachment of mortgaged property requires recorded material showing that proceeds of crime are likely to be concealed, transferred, or otherwise dealt with to frustrate confiscation. An interim restraint on creating third-party rights, without an auction notice under secured-recovery proceedings or an executable arbitral sale order, does not establish that statutory apprehension. The provisional attachment and its confirmation were set aside for failure to meet this condition, while the question whether the properties were proceeds of crime remained for separate proceedings. The properties continued to be subject to the final outcome of pending insolvency proceedings.
Provisional attachment of mortgaged property requires recorded material showing that proceeds of crime are likely to be concealed, transferred, or otherwise dealt with to frustrate confiscation. An interim restraint on creating third-party rights, without an auction notice under secured-recovery proceedings or an executable arbitral sale order, does not establish that statutory apprehension. The provisional attachment and its confirmation were set aside for failure to meet this condition, while the question whether the properties were proceeds of crime remained for separate proceedings. The properties continued to be subject to the final outcome of pending insolvency proceedings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4884 
