https://www.taxtmi.com/caselaws?id=398911 The court maintained the petitioner's challenge to the Provisional Attachment Order but allowed the transfer of a significant amount to the National Housing Bank (NHB). A portion of the attached funds was directed to be transferred to NHB's account, with the remaining amounts staying attached pending further proceedings before the Adjudicating Authority under the Prevention of Money Laundering Act. The court emphasized that the payment to NHB was temporary, subject to the Authority's final decision, and all parties retained their rights and remedies. The petition was disposed of with these directions. en-us Fri, 25 Sep 2020 00:00:00 +0530 Mon, 28 Sep 2020 08:42:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398911 The court maintained the petitioner's challenge to the Provisional Attachment Order but allowed the transfer of a significant amount to the National Housing Bank (NHB). A portion of the attached funds was directed to be transferred to NHB's account, with the remaining amounts staying attached pending further proceedings before the Adjudicating Authority under the Prevention of Money Laundering Act. The court emphasized that the payment to NHB was temporary, subject to the Authority's final decision, and all parties retained their rights and remedies. The petition was disposed of with these directions. Case-Laws Money Laundering Fri, 25 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398911