https://www.taxtmi.com/caselaws?id=762711 The Appellate Tribunal under SAFEMA at New Delhi set aside a Provisional Attachment Order under the Prevention of Money Laundering Act, 2002. The case involved allegations of undervaluation during property auction, initially filed under Section 200 Cr.P.C. and cognized for offenses under Sections 120-B, 409, 420, 468, 471, and 34 IPC. The Additional Sessions Judge and Bombay HC previously held these allegations erroneous. The attachment order was based on an unconnected 2019 FIR registered pursuant to a PIL regarding cooperative societies' irregularities. The Tribunal found the attachment order relied on facts unrelated to the 2019 FIR and could not sustain, allowing the appeal. en-us Wed, 27 Nov 2024 00:00:00 +0530 Fri, 06 Dec 2024 08:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762711 The Appellate Tribunal under SAFEMA at New Delhi set aside a Provisional Attachment Order under the Prevention of Money Laundering Act, 2002. The case involved allegations of undervaluation during property auction, initially filed under Section 200 Cr.P.C. and cognized for offenses under Sections 120-B, 409, 420, 468, 471, and 34 IPC. The Additional Sessions Judge and Bombay HC previously held these allegations erroneous. The attachment order was based on an unconnected 2019 FIR registered pursuant to a PIL regarding cooperative societies' irregularities. The Tribunal found the attachment order relied on facts unrelated to the 2019 FIR and could not sustain, allowing the appeal. Case-Laws Money Laundering Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762711