https://www.taxtmi.com/caselaws?id=346741 The High Court and Supreme Court upheld the arbitration award in favor of the appellant, directing the respondent to return properties and pay compensation. The Tribunal confirmed the attachment of property under PMLA due to money laundering allegations. The Tribunal addressed compliance with BIFR orders and raised concerns about the legitimacy of funds received by the appellant. The appellant was directed to furnish an FDR as security pending a final decision by the Special Court on the funds' legitimacy. The attached property was to be released upon furnishing the FDR. en-us Tue, 20 Jun 2017 00:00:00 +0530 Wed, 23 Aug 2017 07:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346741 The High Court and Supreme Court upheld the arbitration award in favor of the appellant, directing the respondent to return properties and pay compensation. The Tribunal confirmed the attachment of property under PMLA due to money laundering allegations. The Tribunal addressed compliance with BIFR orders and raised concerns about the legitimacy of funds received by the appellant. The appellant was directed to furnish an FDR as security pending a final decision by the Special Court on the funds' legitimacy. The attached property was to be released upon furnishing the FDR. Case-Laws Money Laundering Tue, 20 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346741