https://www.taxtmi.com/caselaws?id=757351 The HC disposed of the writ petition, directing the bank to comply with the authorities' instructions regarding the freezing and handling of the customer's account. The bank must issue a demand draft for the frozen amount to the Enforcement Directorate within seven days, subject to trial proceedings under Section 8(6) of the Prevention of Money Laundering Act, 2002. The court clarified that its directions were limited to the current case and did not confirm or adjudicate the Adjudicating Authority's order. The decision ensures adherence to statutory provisions while addressing conflicting directives from authorities. en-us Mon, 12 Aug 2024 00:00:00 +0530 Fri, 23 Aug 2024 08:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757351 The HC disposed of the writ petition, directing the bank to comply with the authorities' instructions regarding the freezing and handling of the customer's account. The bank must issue a demand draft for the frozen amount to the Enforcement Directorate within seven days, subject to trial proceedings under Section 8(6) of the Prevention of Money Laundering Act, 2002. The court clarified that its directions were limited to the current case and did not confirm or adjudicate the Adjudicating Authority's order. The decision ensures adherence to statutory provisions while addressing conflicting directives from authorities. Case-Laws Money Laundering Mon, 12 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757351