https://www.taxtmi.com/caselaws?id=386265 The appeal challenging an order of attachment under the Prevention of Money Laundering Act, 2002 was successful. The court set aside the attachment order due to the failure to file a prosecution complaint within the statutory period of 90 days. The court emphasized that the High Court's stay order did not prevent the Enforcement Directorate from meeting the deadline. As a result, the attachment of the property lapsed, leading to the setting aside of the impugned order. The appellant was advised to seek appropriate orders from the special court regarding the property's status in the prosecution complaint. en-us Fri, 20 Sep 2019 00:00:00 +0530 Wed, 25 Sep 2019 07:50:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386265 The appeal challenging an order of attachment under the Prevention of Money Laundering Act, 2002 was successful. The court set aside the attachment order due to the failure to file a prosecution complaint within the statutory period of 90 days. The court emphasized that the High Court's stay order did not prevent the Enforcement Directorate from meeting the deadline. As a result, the attachment of the property lapsed, leading to the setting aside of the impugned order. The appellant was advised to seek appropriate orders from the special court regarding the property's status in the prosecution complaint. Case-Laws Money Laundering Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386265