https://www.taxtmi.com/caselaws?id=307696 Writ relief against a confirmed attachment under the Prevention of Money-Laundering Act was unavailable where the petitioners had not exhausted the statutory appellate remedy and the separate release mechanism provided under the Rules. The Court treated the PMLA proceedings as distinct and independent from the predicate criminal case, so closure of that case by compromise did not amount to a merits-based exoneration or automatically undo the attachment. As a result, the challenge to the continuing attachment failed and the statutory remedies remained the proper route for seeking release of the property. en-us Mon, 17 Oct 2022 00:00:00 +0530 Sat, 29 Apr 2023 20:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307696 Writ relief against a confirmed attachment under the Prevention of Money-Laundering Act was unavailable where the petitioners had not exhausted the statutory appellate remedy and the separate release mechanism provided under the Rules. The Court treated the PMLA proceedings as distinct and independent from the predicate criminal case, so closure of that case by compromise did not amount to a merits-based exoneration or automatically undo the attachment. As a result, the challenge to the continuing attachment failed and the statutory remedies remained the proper route for seeking release of the property. Case-Laws Money Laundering Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307696