https://www.taxtmi.com/caselaws?id=188273 The court dismissed the writ petition, upholding the validity of the provisional attachment orders and proceedings under the Prevention of Money-Laundering Act (PML Act). It was found that the attachment orders were valid as the conditions under Section 5 of the PML Act were met. The court ruled that the proceedings did not violate Article 20 of the Constitution and clarified that the PML Act amendments applied to the offenses committed by the petitioners. The stay orders did not impact the validity of the attachment orders due to the exclusion of the stay period from the prescribed time limit. en-us Thu, 25 Aug 2011 00:00:00 +0530 Wed, 23 Nov 2016 17:25:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188273 The court dismissed the writ petition, upholding the validity of the provisional attachment orders and proceedings under the Prevention of Money-Laundering Act (PML Act). It was found that the attachment orders were valid as the conditions under Section 5 of the PML Act were met. The court ruled that the proceedings did not violate Article 20 of the Constitution and clarified that the PML Act amendments applied to the offenses committed by the petitioners. The stay orders did not impact the validity of the attachment orders due to the exclusion of the stay period from the prescribed time limit. Case-Laws Money Laundering Thu, 25 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188273