https://www.taxtmi.com/caselaws?id=306457 PMLA prevails over SARFAESI where their provisions are inconsistent because the money-laundering statute contains an overriding clause. Section 26E of SARFAESI gives priority to secured creditors, but that priority cannot defeat the mandate of the special statute governing money laundering. As the trial arising from the FIR was still pending, release of the attached properties was not justified. The orders releasing the properties were therefore unsustainable, the appeals succeeded, and the parties were left to pursue their remedies after final adjudication by the trial court. en-us Fri, 28 Feb 2020 00:00:00 +0530 Tue, 31 Jan 2023 21:07:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306457 PMLA prevails over SARFAESI where their provisions are inconsistent because the money-laundering statute contains an overriding clause. Section 26E of SARFAESI gives priority to secured creditors, but that priority cannot defeat the mandate of the special statute governing money laundering. As the trial arising from the FIR was still pending, release of the attached properties was not justified. The orders releasing the properties were therefore unsustainable, the appeals succeeded, and the parties were left to pursue their remedies after final adjudication by the trial court. Case-Laws Money Laundering Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306457