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The appeals under PMLA were allowed. The freezing/attachment order would continue during the investigation period of 365 days or pendency of the case before the Court concerning offenses under the Act of 2002. However, after the expiry of over 2 years since the freezing order without a prosecution complaint filed against any accused, the impugned order lapsed due to the efflux of time. Consequently, the Appellate Tribunal set aside the impugned order declaring the freezing order and its confirmation to have lapsed in the absence of a prosecution complaint against any accused.
The appeals under PMLA were allowed. The freezing/attachment order would continue during the investigation period of 365 days or pendency of the case before the Court concerning offenses under the Act of 2002. However, after the expiry of over 2 years since the freezing order without a prosecution complaint filed against any accused, the impugned order lapsed due to the efflux of time. Consequently, the Appellate Tribunal set aside the impugned order declaring the freezing order and its confirmation to have lapsed in the absence of a prosecution complaint against any accused.
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