https://www.taxtmi.com/caselaws?id=314362 Telangana HC allowed an application for modification of interim order seeking replacement of attached immovable properties with fixed deposit under PMLA. The court distinguished the Hetero Drugs Limited case, noting it involved pending appeal against provisional attachment confirmation. Here, the Appellate Tribunal had already interfered with attachment orders and directed bank guarantee of Rs.192 crores while releasing other attachments. The applicant offered fixed deposit of Rs.1,36,91,285 as alternative security for the subject property, which the court accepted. en-us Mon, 28 Nov 2022 00:00:00 +0530 Mon, 03 Jun 2024 19:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314362 Telangana HC allowed an application for modification of interim order seeking replacement of attached immovable properties with fixed deposit under PMLA. The court distinguished the Hetero Drugs Limited case, noting it involved pending appeal against provisional attachment confirmation. Here, the Appellate Tribunal had already interfered with attachment orders and directed bank guarantee of Rs.192 crores while releasing other attachments. The applicant offered fixed deposit of Rs.1,36,91,285 as alternative security for the subject property, which the court accepted. Case-Laws Money Laundering Mon, 28 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314362