https://www.taxtmi.com/caselaws?id=196589 The High Court dismissed the petition challenging the directive to freeze the bank account, citing that the action fell within the investigatory powers under the Prevention of Money Laundering Act (PMLA). The court emphasized the need to exhaust alternative remedies available under the PMLA before seeking relief under Article 226 of the Constitution of India, highlighting that bypassing statutory procedures would undermine the legislative intent of the PMLA. The petitioners' plea was rejected, and the court upheld the statutory framework's importance in such matters. en-us Tue, 12 Nov 2013 00:00:00 +0530 Fri, 08 Dec 2017 11:27:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196589 The High Court dismissed the petition challenging the directive to freeze the bank account, citing that the action fell within the investigatory powers under the Prevention of Money Laundering Act (PMLA). The court emphasized the need to exhaust alternative remedies available under the PMLA before seeking relief under Article 226 of the Constitution of India, highlighting that bypassing statutory procedures would undermine the legislative intent of the PMLA. The petitioners' plea was rejected, and the court upheld the statutory framework's importance in such matters. Case-Laws Indian Laws Tue, 12 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196589