Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Section 20 of the Prevention of Money-Laundering Act does not cause a freezing order to lapse automatically after 180 days where the Adjudicating Authority has authorised retention or continuation within that period. On the facts, the retention order had been passed in time, so the challenge based on the outer-limit argument failed. The Tribunal also found prima facie material, including the appellant's own statement, showing involvement in facilitating false inspection reports, verification of bank guarantees and processing connected proposals, and noted the failure to disclose the source of the funds in the frozen accounts. The challenge to continued retention was rejected and the appeal dismissed.
Section 20 of the Prevention of Money-Laundering Act does not cause a freezing order to lapse automatically after 180 days where the Adjudicating Authority has authorised retention or continuation within that period. On the facts, the retention order had been passed in time, so the challenge based on the outer-limit argument failed. The Tribunal also found prima facie material, including the appellant's own statement, showing involvement in facilitating false inspection reports, verification of bank guarantees and processing connected proposals, and noted the failure to disclose the source of the funds in the frozen accounts. The challenge to continued retention was rejected and the appeal dismissed.
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