Admissibility of inquiry statements: such statements require formal examination and admission before the adjudicating authority, or they are inadmissi...
Restoration of property under the Prevention of Money Laundering...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolution applicant
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
Restoration of property under the Prevention of Money Laundering Act was directed without addressing the substantive legal question, because subsequent insolvency and attachment developments rendered the appeal academic. The court treated the subject properties as restored under the statute and ordered possession handed to the successful resolution applicant/secured creditor, while expressly leaving the underlying legal issues open and without prejudice to parties' rights. The appeal and pending applications were disposed of on that basis.
Restoration of property under the Prevention of Money Laundering Act was directed without addressing the substantive legal question, because subsequent insolvency and attachment developments rendered the appeal academic. The court treated the subject properties as restored under the statute and ordered possession handed to the successful resolution applicant/secured creditor, while expressly leaving the underlying legal issues open and without prejudice to parties' rights. The appeal and pending applications were disposed of on that basis.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
