Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
AT disposed of appeals regarding provisional attachment order under money laundering proceedings where appellant challenged quantification of proceeds of crime beyond specified offence period of May 2009 to August 2010. The tribunal declined to adjudicate on contentious issue of whether proceeds should be calculated based on excess production profits or environmental restoration costs, noting absence of judicial precedent or statutory provision. Appeals disposed of with liberty granted to appellant company to raise all material issues including period limitations and quantification methodology before Special Judge PMLA Court during trial proceedings where prosecution complaint under Sections 3 and 4 PMLA remains pending with charges yet to be framed.
AT disposed of appeals regarding provisional attachment order under money laundering proceedings where appellant challenged quantification of proceeds of crime beyond specified offence period of May 2009 to August 2010. The tribunal declined to adjudicate on contentious issue of whether proceeds should be calculated based on excess production profits or environmental restoration costs, noting absence of judicial precedent or statutory provision. Appeals disposed of with liberty granted to appellant company to raise all material issues including period limitations and quantification methodology before Special Judge PMLA Court during trial proceedings where prosecution complaint under Sections 3 and 4 PMLA remains pending with charges yet to be framed.
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