https://www.taxtmi.com/caselaws?id=371055 The Tribunal set aside the provisional attachment order under Section 8 of the Prevention of Money Laundering Act, 2002, on properties valued at INR 17,11,42,000/- and INR 5,50,00,000/-. It ruled that the properties were not proceeds of crime and were rightfully mortgaged with Bank of Baroda, allowing the bank to recover the loan amount. The appeal was successful, leading to the nullification of the provisional attachment order. en-us Thu, 22 Nov 2018 00:00:00 +0530 Wed, 28 Nov 2018 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371055 The Tribunal set aside the provisional attachment order under Section 8 of the Prevention of Money Laundering Act, 2002, on properties valued at INR 17,11,42,000/- and INR 5,50,00,000/-. It ruled that the properties were not proceeds of crime and were rightfully mortgaged with Bank of Baroda, allowing the bank to recover the loan amount. The appeal was successful, leading to the nullification of the provisional attachment order. Case-Laws Money Laundering Thu, 22 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371055