https://www.taxtmi.com/caselaws?id=766886 Attachment over property under the Prevention of Money Laundering Act could not continue where the predicate NDPS proceedings had ended in acquittal and the appellate tribunal had already directed release of the attached assets. On those facts, the property could no longer be treated as continuing to represent proceeds of crime, and the Court directed that the attachment be raised. The registering authority was also required to record the release in the relevant records. The Court noted the statutory remedy under Section 8(8) of the Prevention of Money Laundering Act in support of the release of the property. en-us Tue, 07 Jan 2025 00:00:00 +0530 Thu, 06 Mar 2025 07:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766886 Attachment over property under the Prevention of Money Laundering Act could not continue where the predicate NDPS proceedings had ended in acquittal and the appellate tribunal had already directed release of the attached assets. On those facts, the property could no longer be treated as continuing to represent proceeds of crime, and the Court directed that the attachment be raised. The registering authority was also required to record the release in the relevant records. The Court noted the statutory remedy under Section 8(8) of the Prevention of Money Laundering Act in support of the release of the property. Case-Laws Money Laundering Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766886