https://www.taxtmi.com/caselaws?id=312732 Delhi HC dismissed bank's challenge to provisional attachment order under PMLA Act. Court held that predicate offences of criminal breach of trust and forgery by accused persons regarding credit facilities between 2007-2018 could be adjudicated by PMLA authorities. HC refused to interfere with Single Judge's order, noting that when statute prescribes specific adjudication mechanism, writ courts should avoid interference. Court found bank had alternate efficacious remedy under Section 8(2) PMLA Act through Adjudicating Authority and upheld relegation to statutory remedy. en-us Wed, 26 Apr 2023 00:00:00 +0530 Tue, 05 Mar 2024 08:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312732 Delhi HC dismissed bank's challenge to provisional attachment order under PMLA Act. Court held that predicate offences of criminal breach of trust and forgery by accused persons regarding credit facilities between 2007-2018 could be adjudicated by PMLA authorities. HC refused to interfere with Single Judge's order, noting that when statute prescribes specific adjudication mechanism, writ courts should avoid interference. Court found bank had alternate efficacious remedy under Section 8(2) PMLA Act through Adjudicating Authority and upheld relegation to statutory remedy. Case-Laws Money Laundering Wed, 26 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312732