https://www.taxtmi.com/caselaws?id=289705 The court ruled in favor of the petitioner, quashing the freezing order under CrPC Section 102 as it did not comply with PMLA requirements. The judgment emphasized the importance of following specific provisions of the PMLA when freezing accounts and highlighted the need for proper legal procedures to be adhered to. The court clarified that a provisional attachment order under PMLA Section 5 passed during the proceedings would remain unaffected by this decision, ensuring continuity of ongoing processes. en-us Thu, 14 Nov 2019 00:00:00 +0530 Mon, 17 Aug 2020 07:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289705 The court ruled in favor of the petitioner, quashing the freezing order under CrPC Section 102 as it did not comply with PMLA requirements. The judgment emphasized the importance of following specific provisions of the PMLA when freezing accounts and highlighted the need for proper legal procedures to be adhered to. The court clarified that a provisional attachment order under PMLA Section 5 passed during the proceedings would remain unaffected by this decision, ensuring continuity of ongoing processes. Case-Laws Money Laundering Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289705