https://www.taxtmi.com/caselaws?id=435201 The court upheld the freezing order and show cause notice challenged by a non-deposit taking NBFC, emphasizing the need for investigation into alleged money laundering activities linked to Chinese-controlled entities involved in extortion and harassment through mobile loan apps. The court found procedural compliance under Section 17 of the PMLA and allowed the petitioner to present defenses before the Adjudicating Authority. The petition was dismissed, and the freezing order's validity was maintained pending proceedings before the Adjudicating Authority. en-us Thu, 16 Feb 2023 00:00:00 +0530 Wed, 15 Mar 2023 08:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435201 The court upheld the freezing order and show cause notice challenged by a non-deposit taking NBFC, emphasizing the need for investigation into alleged money laundering activities linked to Chinese-controlled entities involved in extortion and harassment through mobile loan apps. The court found procedural compliance under Section 17 of the PMLA and allowed the petitioner to present defenses before the Adjudicating Authority. The petition was dismissed, and the freezing order's validity was maintained pending proceedings before the Adjudicating Authority. Case-Laws Money Laundering Thu, 16 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435201