https://www.taxtmi.com/caselaws?id=377693 The tribunal set aside the impugned order and quashed the provisional attachment order concerning the bank's secured assets. It emphasized that the bank's legitimate rights as a secured creditor must be respected, and properties mortgaged to the bank cannot be attached without valid reasons. The tribunal highlighted the priority of secured creditors over other debts and government dues, citing relevant legal provisions and precedents. The decision underscored the importance of protecting the banking system and ensuring that funds advanced by banks are not unjustly deemed proceeds of crime. en-us Thu, 28 Mar 2019 00:00:00 +0530 Mon, 01 Apr 2019 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377693 The tribunal set aside the impugned order and quashed the provisional attachment order concerning the bank's secured assets. It emphasized that the bank's legitimate rights as a secured creditor must be respected, and properties mortgaged to the bank cannot be attached without valid reasons. The tribunal highlighted the priority of secured creditors over other debts and government dues, citing relevant legal provisions and precedents. The decision underscored the importance of protecting the banking system and ensuring that funds advanced by banks are not unjustly deemed proceeds of crime. Case-Laws Money Laundering Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377693