https://www.taxtmi.com/caselaws?id=764880 The Bombay HC dismissed an application seeking condonation of 132 days delay in filing an appeal under Section 42 of the Prevention of Money Laundering Act, 2002. The Court held that Section 42 provides a maximum period of 120 days (initial 60 days plus additional 60 days on sufficient cause) for filing appeals, and the proviso excludes application of Section 5 of the Limitation Act, 1963. Following precedent from Municipal Corporation of Greater Mumbai case and SC decisions, the HC ruled it has no power to condone delay beyond the statutory 120-day limit. en-us Tue, 14 Jan 2025 00:00:00 +0530 Mon, 20 Jan 2025 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764880 The Bombay HC dismissed an application seeking condonation of 132 days delay in filing an appeal under Section 42 of the Prevention of Money Laundering Act, 2002. The Court held that Section 42 provides a maximum period of 120 days (initial 60 days plus additional 60 days on sufficient cause) for filing appeals, and the proviso excludes application of Section 5 of the Limitation Act, 1963. Following precedent from Municipal Corporation of Greater Mumbai case and SC decisions, the HC ruled it has no power to condone delay beyond the statutory 120-day limit. Case-Laws Money Laundering Tue, 14 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764880