https://www.taxtmi.com/caselaws?id=306965 The court held that the Enforcement Directorate (ED) had the right to attach the properties of the petitioners under the Prevention of Money Laundering Act (PMLA) as the ED followed due process and had sufficient grounds for the attachment. However, the court restrained the ED from further proceedings in ECIR No.ECIR/BGZO/04/2019/AD-AKV/1541 due to an interim stay on the predicate offence proceedings, citing precedents that PMLA proceedings cannot continue if the accused are acquitted in the predicate offence. The attachment order was kept in abeyance until the related writ and criminal petitions are resolved. en-us Wed, 14 Dec 2022 00:00:00 +0530 Fri, 10 Mar 2023 08:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306965 The court held that the Enforcement Directorate (ED) had the right to attach the properties of the petitioners under the Prevention of Money Laundering Act (PMLA) as the ED followed due process and had sufficient grounds for the attachment. However, the court restrained the ED from further proceedings in ECIR No.ECIR/BGZO/04/2019/AD-AKV/1541 due to an interim stay on the predicate offence proceedings, citing precedents that PMLA proceedings cannot continue if the accused are acquitted in the predicate offence. The attachment order was kept in abeyance until the related writ and criminal petitions are resolved. Case-Laws Money Laundering Wed, 14 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306965