https://www.taxtmi.com/caselaws?id=264752 The High Court upheld the Assistant Director's jurisdiction to freeze bank accounts under the Prevention of Money-Laundering Act, referencing a previous case. It dismissed the petitioner's objection regarding the Supreme Court's coal block allocation case. The court emphasized the temporary nature of freezing accounts for evidence preservation. While acknowledging the respondents' power to freeze accounts, the court found their actions arbitrary and in violation of constitutional rights. The court set aside the freezing orders, emphasizing the need for proper review and consideration, allowing the writ petitions without preventing further lawful actions by the authorities. en-us Wed, 26 Aug 2015 00:00:00 +0530 Wed, 23 Nov 2016 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264752 The High Court upheld the Assistant Director's jurisdiction to freeze bank accounts under the Prevention of Money-Laundering Act, referencing a previous case. It dismissed the petitioner's objection regarding the Supreme Court's coal block allocation case. The court emphasized the temporary nature of freezing accounts for evidence preservation. While acknowledging the respondents' power to freeze accounts, the court found their actions arbitrary and in violation of constitutional rights. The court set aside the freezing orders, emphasizing the need for proper review and consideration, allowing the writ petitions without preventing further lawful actions by the authorities. Case-Laws Money Laundering Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264752