https://www.taxtmi.com/caselaws?id=409148 The court upheld the provisional attachment order under the Prevention of Money Laundering Act, 2002 (PML Act), emphasizing its provisional nature pending confirmation by the adjudicating authority. It directed the appellants to address their discrimination claims before the adjudicating authority, highlighting the importance of following the statutory process. The court clarified the interpretation of "reason to believe" under the PML Act, stressing the need for material evidence. Procedural requirements under Sections 5 and 8 of the PML Act were underscored, emphasizing adherence to timelines and fair process. The court focused on ensuring proper adjudication without expressing an opinion on the case's merits. en-us Fri, 18 Jun 2021 00:00:00 +0530 Wed, 30 Jun 2021 08:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409148 The court upheld the provisional attachment order under the Prevention of Money Laundering Act, 2002 (PML Act), emphasizing its provisional nature pending confirmation by the adjudicating authority. It directed the appellants to address their discrimination claims before the adjudicating authority, highlighting the importance of following the statutory process. The court clarified the interpretation of "reason to believe" under the PML Act, stressing the need for material evidence. Procedural requirements under Sections 5 and 8 of the PML Act were underscored, emphasizing adherence to timelines and fair process. The court focused on ensuring proper adjudication without expressing an opinion on the case's merits. Case-Laws Money Laundering Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409148