https://www.taxtmi.com/caselaws?id=418111 The Court upheld the decision of the Appellate Tribunal, ruling that the orders confirming attachment of properties under the Prevention of Money Laundering Act lapsed due to the expiry of the investigation period specified in Section 8(3) of the Act. The Court emphasized that a Delhi High Court interim order did not extend the investigation period as claimed by the respondents. The subsequent amendment to the Act clarified that any stay by a Court does not extend the investigation period. Consequently, the appeals filed by the Directorate of Enforcement were dismissed, highlighting the importance of adherence to statutory provisions and timeliness in legal proceedings. en-us Fri, 04 Feb 2022 00:00:00 +0530 Wed, 09 Feb 2022 05:43:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418111 The Court upheld the decision of the Appellate Tribunal, ruling that the orders confirming attachment of properties under the Prevention of Money Laundering Act lapsed due to the expiry of the investigation period specified in Section 8(3) of the Act. The Court emphasized that a Delhi High Court interim order did not extend the investigation period as claimed by the respondents. The subsequent amendment to the Act clarified that any stay by a Court does not extend the investigation period. Consequently, the appeals filed by the Directorate of Enforcement were dismissed, highlighting the importance of adherence to statutory provisions and timeliness in legal proceedings. Case-Laws Money Laundering Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418111