https://www.taxtmi.com/caselaws?id=402298 The court held that the Appellate Tribunal's order allowing the interim restoration of the attached property under the Prevention of Money Laundering Act (PMLA) was contrary to the law as there is no provision for such interim relief. The court found the order to be legally unsustainable as it did not comply with the statutory provisions of the PMLA and the Rules 2013. The lack of procedural fairness, including inadequate notice and opportunity for hearing, led the court to set aside the Tribunal's order. The appeal was allowed, emphasizing the importance of adherence to statutory requirements and procedural fairness. en-us Mon, 23 Nov 2020 00:00:00 +0530 Tue, 29 Dec 2020 10:03:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402298 The court held that the Appellate Tribunal's order allowing the interim restoration of the attached property under the Prevention of Money Laundering Act (PMLA) was contrary to the law as there is no provision for such interim relief. The court found the order to be legally unsustainable as it did not comply with the statutory provisions of the PMLA and the Rules 2013. The lack of procedural fairness, including inadequate notice and opportunity for hearing, led the court to set aside the Tribunal's order. The appeal was allowed, emphasizing the importance of adherence to statutory requirements and procedural fairness. Case-Laws Money Laundering Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402298