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Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
The Tribunal held that the 180-day period for provisional attachment was saved by exclusion of the Covid-19 period from 15.03.2020 to 28.02.2022, so the impugned orders were within time. It rejected challenges to maintainability, finding the predicate offence and money-laundering allegations supported by the FIR, ECIR, money trail, statements, and unexplained diversion of funds, while the Supreme Court interim order did not bar attachment proceedings. It further held that the appellants failed to prove a legitimate source for jewellery and immovable properties in family members' names, and that Section 8(3) empowers retention or continuation of freezing without a prior Section 20 order. All appeals were dismissed.
The Tribunal held that the 180-day period for provisional attachment was saved by exclusion of the Covid-19 period from 15.03.2020 to 28.02.2022, so the impugned orders were within time. It rejected challenges to maintainability, finding the predicate offence and money-laundering allegations supported by the FIR, ECIR, money trail, statements, and unexplained diversion of funds, while the Supreme Court interim order did not bar attachment proceedings. It further held that the appellants failed to prove a legitimate source for jewellery and immovable properties in family members' names, and that Section 8(3) empowers retention or continuation of freezing without a prior Section 20 order. All appeals were dismissed.
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