https://www.taxtmi.com/caselaws?id=766886 The HC ruled that the attachment of properties by the 2nd respondent should be lifted following the appellate Tribunal's order. The petitioners, who purchased the properties without encumbrances, were entitled to have the attachments removed after the acquittal of the accused in the NDPS Act case. The Court found no evidence linking the properties to proceeds of crime under the PMLA Act, as the predicate offence did not survive post-acquittal. Consequently, the HC ordered the release of the properties, directing the registering authority to record the removal of the attachment. The Writ Petition was allowed without costs. en-us Tue, 07 Jan 2025 00:00:00 +0530 Thu, 06 Mar 2025 07:35:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766886 The HC ruled that the attachment of properties by the 2nd respondent should be lifted following the appellate Tribunal's order. The petitioners, who purchased the properties without encumbrances, were entitled to have the attachments removed after the acquittal of the accused in the NDPS Act case. The Court found no evidence linking the properties to proceeds of crime under the PMLA Act, as the predicate offence did not survive post-acquittal. Consequently, the HC ordered the release of the properties, directing the registering authority to record the removal of the attachment. The Writ Petition was allowed without costs. Case-Laws Money Laundering Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766886