https://www.taxtmi.com/caselaws?id=390136 A bona fide prior secured creditor can resist later attachment under PMLA where the security interest was created before the alleged criminal activity and before attachment proceedings, and where the property is not shown to be proceeds of crime. The text also states that confirmation of provisional attachment is unsustainable when the record does not establish lack of bona fides, absence of due diligence, or any attempt by the creditor to defeat the law. The operative point is that a prior lawful security interest is protected against later attachment unless the property is properly shown to be attachable under PMLA. en-us Wed, 11 Dec 2019 00:00:00 +0530 Mon, 23 Dec 2019 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390136 A bona fide prior secured creditor can resist later attachment under PMLA where the security interest was created before the alleged criminal activity and before attachment proceedings, and where the property is not shown to be proceeds of crime. The text also states that confirmation of provisional attachment is unsustainable when the record does not establish lack of bona fides, absence of due diligence, or any attempt by the creditor to defeat the law. The operative point is that a prior lawful security interest is protected against later attachment unless the property is properly shown to be attachable under PMLA. Case-Laws Money Laundering Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390136