https://www.taxtmi.com/caselaws?id=191678 The court found that the impugned letter dated 19.09.2014 was a lawful and necessary temporary measure for preserving evidence pending investigation. The court modified the letter, allowing the embargo to operate for three months, within which the authorities could initiate proceedings under the Act. If no action was taken within this period, the banks could permit the appellants to operate their accounts/assets in accordance with the law. The appeal was partly allowed, with the court's findings applicable solely for disposing of the appeal. en-us Mon, 30 Mar 2015 00:00:00 +0530 Thu, 13 Apr 2017 07:00:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191678 The court found that the impugned letter dated 19.09.2014 was a lawful and necessary temporary measure for preserving evidence pending investigation. The court modified the letter, allowing the embargo to operate for three months, within which the authorities could initiate proceedings under the Act. If no action was taken within this period, the banks could permit the appellants to operate their accounts/assets in accordance with the law. The appeal was partly allowed, with the court's findings applicable solely for disposing of the appeal. Case-Laws Money Laundering Mon, 30 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191678