https://www.taxtmi.com/caselaws?id=314333 The HC addressed the territorial jurisdiction and the challenge to a Show Cause Notice under the Prevention of Money Laundering Act, 2002. The court accepted the petitioner's jurisdictional argument and directed the petitioner to deposit the attached amount with the Registrar General within six weeks. Upon deposit, the immovable property in Delhi would be released from attachment, with the Fixed Deposit Receipt treated as the attached property under the Act. The court did not rule on the merits of the claims and disposed of the petition without costs. en-us Thu, 15 Oct 2020 00:00:00 +0530 Sat, 01 Jun 2024 08:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314333 The HC addressed the territorial jurisdiction and the challenge to a Show Cause Notice under the Prevention of Money Laundering Act, 2002. The court accepted the petitioner's jurisdictional argument and directed the petitioner to deposit the attached amount with the Registrar General within six weeks. Upon deposit, the immovable property in Delhi would be released from attachment, with the Fixed Deposit Receipt treated as the attached property under the Act. The court did not rule on the merits of the claims and disposed of the petition without costs. Case-Laws Money Laundering Thu, 15 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314333