https://www.taxtmi.com/caselaws?id=307373 The Court allowed the petitioners to raise their contentions before the Adjudicating Authority regarding debit freeze orders issued under the Prevention of Money Laundering Act. The petitioners were permitted to operate their accounts if they maintained the balance as of the freezing date. They were ordered to file undertakings to comply with maintaining account balances, with the Directorate authorized to verify balances and require details of remittances. The writ petitions were disposed of, with the petitioners instructed to adhere to set conditions during the pending proceedings before the Adjudicating Authority. Further administrative actions were ordered by the Court. en-us Mon, 08 Aug 2022 00:00:00 +0530 Fri, 07 Apr 2023 21:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307373 The Court allowed the petitioners to raise their contentions before the Adjudicating Authority regarding debit freeze orders issued under the Prevention of Money Laundering Act. The petitioners were permitted to operate their accounts if they maintained the balance as of the freezing date. They were ordered to file undertakings to comply with maintaining account balances, with the Directorate authorized to verify balances and require details of remittances. The writ petitions were disposed of, with the petitioners instructed to adhere to set conditions during the pending proceedings before the Adjudicating Authority. Further administrative actions were ordered by the Court. Case-Laws Money Laundering Mon, 08 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307373