https://www.taxtmi.com/caselaws?id=764927 The Appellate Tribunal under SAFEMA at New Delhi ruled on money laundering property attachment proceedings under PMLA. The tribunal held that Schedule B properties (common areas and parking spaces) cannot be segregated from floors purchased by appellants, as these common areas are integral to property enjoyment. Since some allottees already obtained conditional relief from Karnataka HC in company liquidation proceedings, appellants were directed to file claim applications before the HC rather than the tribunal. The appeals were allowed with liberty to appellants to pursue their claims through appropriate judicial forum. en-us Thu, 26 Dec 2024 00:00:00 +0530 Tue, 21 Jan 2025 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764927 The Appellate Tribunal under SAFEMA at New Delhi ruled on money laundering property attachment proceedings under PMLA. The tribunal held that Schedule B properties (common areas and parking spaces) cannot be segregated from floors purchased by appellants, as these common areas are integral to property enjoyment. Since some allottees already obtained conditional relief from Karnataka HC in company liquidation proceedings, appellants were directed to file claim applications before the HC rather than the tribunal. The appeals were allowed with liberty to appellants to pursue their claims through appropriate judicial forum. Case-Laws Money Laundering Thu, 26 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764927