https://www.taxtmi.com/caselaws?id=435987 The case involved challenging debit freeze orders on bank accounts under the Prevention of Money-Laundering Act. The court upheld the freeze orders, requiring the Petitioners to furnish a bank guarantee and maintain a credit balance. The Adjudicating Authority's decision was confirmed, citing money laundering suspicions. The Petitioners were directed to appeal the decision before the Appellate Tribunal, with interim arrangements to continue until final adjudication. The Court emphasized expeditious resolution of the appeals and interim applications before the Tribunal. en-us Tue, 28 Mar 2023 00:00:00 +0530 Sat, 01 Apr 2023 08:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435987 The case involved challenging debit freeze orders on bank accounts under the Prevention of Money-Laundering Act. The court upheld the freeze orders, requiring the Petitioners to furnish a bank guarantee and maintain a credit balance. The Adjudicating Authority's decision was confirmed, citing money laundering suspicions. The Petitioners were directed to appeal the decision before the Appellate Tribunal, with interim arrangements to continue until final adjudication. The Court emphasized expeditious resolution of the appeals and interim applications before the Tribunal. Case-Laws Money Laundering Tue, 28 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435987