https://www.taxtmi.com/caselaws?id=298644 The High Court of Madras upheld the appellate tribunal's decision to release a specific amount from the attachment under The Prevention of Money Laundering Act, 2002. The court found that the respondent failed to rebut observations on transactions and lack of action against other entities involved in alleged money laundering. While confirming most of the appellate tribunal's order, the court directed the respondents to provide security for the remaining amount pending final adjudication by the trial court to protect both parties' interests. en-us Thu, 29 Aug 2019 00:00:00 +0530 Sat, 13 Nov 2021 20:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298644 The High Court of Madras upheld the appellate tribunal's decision to release a specific amount from the attachment under The Prevention of Money Laundering Act, 2002. The court found that the respondent failed to rebut observations on transactions and lack of action against other entities involved in alleged money laundering. While confirming most of the appellate tribunal's order, the court directed the respondents to provide security for the remaining amount pending final adjudication by the trial court to protect both parties' interests. Case-Laws Money Laundering Thu, 29 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298644