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    <title>2021 (7) TMI 1321 - DELHI HIGH COURT</title>
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    <description>The court directed the release of bank accounts provisionally attached by PAO no. 05 of 2020 in three banks, allowing the petitioners to operate the accounts after securing the available amounts in Fixed Deposit Receipts (FDRs) in their names. The banks were instructed to permit account operations once the amounts were secured, with FDRs not to be released without a court or tribunal order. The petition was disposed of on these terms, enabling the petitioners to access their accounts while ensuring the secured amounts.</description>
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      <link>https://www.taxtmi.com/caselaws?id=301106</link>
      <description>The court directed the release of bank accounts provisionally attached by PAO no. 05 of 2020 in three banks, allowing the petitioners to operate the accounts after securing the available amounts in Fixed Deposit Receipts (FDRs) in their names. The banks were instructed to permit account operations once the amounts were secured, with FDRs not to be released without a court or tribunal order. The petition was disposed of on these terms, enabling the petitioners to access their accounts while ensuring the secured amounts.</description>
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      <law>Money Laundering</law>
      <pubDate>Fri, 16 Jul 2021 00:00:00 +0530</pubDate>
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