https://www.taxtmi.com/caselaws?id=351063 The court allowed the petition for the return of a fixed deposit of Rs. 25 lacs attached by the Directorate of Enforcement under the Prevention of Money Laundering Act. Despite discrepancies in the proceedings against the director instead of the company, the court ordered the return of the fixed deposit to the petitioner, emphasizing the lack of evidence linking the funds to criminal proceeds. The court highlighted the petitioner's lack of involvement in the illegal transactions related to other parties and exercised jurisdiction under Article 226. en-us Tue, 21 Feb 2017 00:00:00 +0530 Sat, 18 Nov 2017 13:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351063 The court allowed the petition for the return of a fixed deposit of Rs. 25 lacs attached by the Directorate of Enforcement under the Prevention of Money Laundering Act. Despite discrepancies in the proceedings against the director instead of the company, the court ordered the return of the fixed deposit to the petitioner, emphasizing the lack of evidence linking the funds to criminal proceeds. The court highlighted the petitioner's lack of involvement in the illegal transactions related to other parties and exercised jurisdiction under Article 226. Case-Laws Money Laundering Tue, 21 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351063