https://www.taxtmi.com/caselaws?id=385189 The tribunal concluded that the respondent's premature encashment of mutual funds was contrary to established rules. It ordered the restoration of the funds to their original position with Reliance Nippon Life Asset Management Ltd. If restoration was not feasible, the respondent was directed to create a fixed deposit in 'Sandeep Tyagi's' name for one year. The tribunal modified the status quo order, instructing both parties to maintain the status quo regarding the funds or the fixed deposit. The decision highlighted the importance of following legal procedures and respecting ongoing judicial processes, emphasizing compliance with Rule 4(4) of the PMLA Rules. en-us Fri, 23 Aug 2019 00:00:00 +0530 Sat, 31 Aug 2019 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385189 The tribunal concluded that the respondent's premature encashment of mutual funds was contrary to established rules. It ordered the restoration of the funds to their original position with Reliance Nippon Life Asset Management Ltd. If restoration was not feasible, the respondent was directed to create a fixed deposit in 'Sandeep Tyagi's' name for one year. The tribunal modified the status quo order, instructing both parties to maintain the status quo regarding the funds or the fixed deposit. The decision highlighted the importance of following legal procedures and respecting ongoing judicial processes, emphasizing compliance with Rule 4(4) of the PMLA Rules. Case-Laws Money Laundering Fri, 23 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385189