https://www.taxtmi.com/caselaws?id=377806 The Prevention of Money-Laundering Act, 2002 operates in a distinct field directed at proceeds of crime and its attachment and confiscation scheme is not displaced by the Recovery of Debts and Bankruptcy Act, 1993, the Securitisation Act, or the Insolvency and Bankruptcy Code. A bona fide third-party secured creditor may resist attachment where the interest is lawfully created, acquired in good faith, and supported by due diligence, but the claim depends on the chronology, value, and absence of complicity. Equivalent-value assets may be attached under the money-laundering statute, yet competing security interests require fact-specific scrutiny. en-us Tue, 02 Apr 2019 00:00:00 +0530 Wed, 25 Mar 2026 17:35:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377806 The Prevention of Money-Laundering Act, 2002 operates in a distinct field directed at proceeds of crime and its attachment and confiscation scheme is not displaced by the Recovery of Debts and Bankruptcy Act, 1993, the Securitisation Act, or the Insolvency and Bankruptcy Code. A bona fide third-party secured creditor may resist attachment where the interest is lawfully created, acquired in good faith, and supported by due diligence, but the claim depends on the chronology, value, and absence of complicity. Equivalent-value assets may be attached under the money-laundering statute, yet competing security interests require fact-specific scrutiny. Case-Laws Money Laundering Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377806