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The High Court held that the petitioner cannot obtain relief against the provisional attachment order u/s PMLA. The court noted that the gold was released by the Customs Department based on authorization u/s SEZ Act before its suspension. The release of gold did not impact the Enforcement Directorate's proceedings to recover crime proceeds. The provisional order must be finalized within 180 days u/s 8 of the Act, with the deadline set for 27.07.2024. The petition was dismissed.
The High Court held that the petitioner cannot obtain relief against the provisional attachment order u/s PMLA. The court noted that the gold was released by the Customs Department based on authorization u/s SEZ Act before its suspension. The release of gold did not impact the Enforcement Directorate's proceedings to recover crime proceeds. The provisional order must be finalized within 180 days u/s 8 of the Act, with the deadline set for 27.07.2024. The petition was dismissed.
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