https://www.taxtmi.com/caselaws?id=270032 The court dismissed the writ petition challenging the notice for provisional attachment of property under the Prevention of Money Laundering Act, 2002. It emphasized the availability of an alternate remedy through the Appellate Authority, directing the Petitioner to pursue this remedy for a comprehensive resolution. The court also protected the possession of the property for a specified period, barring the creation of third-party rights. Additionally, it acknowledged the Petitioner's proposal to deposit money equivalent to the property value for withdrawal of the attachment order, instructing the Appellate Authority to consider this proposal and all raised contentions. en-us Sat, 21 Nov 2015 00:00:00 +0530 Wed, 23 Nov 2016 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270032 The court dismissed the writ petition challenging the notice for provisional attachment of property under the Prevention of Money Laundering Act, 2002. It emphasized the availability of an alternate remedy through the Appellate Authority, directing the Petitioner to pursue this remedy for a comprehensive resolution. The court also protected the possession of the property for a specified period, barring the creation of third-party rights. Additionally, it acknowledged the Petitioner's proposal to deposit money equivalent to the property value for withdrawal of the attachment order, instructing the Appellate Authority to consider this proposal and all raised contentions. Case-Laws Money Laundering Sat, 21 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270032