https://www.taxtmi.com/caselaws?id=768778 The Appellate Tribunal under SAFEMA dismissed an appeal challenging property attachment under PMLA despite IBC moratorium. The court held that Section 14 of IBC 2016 does not bar PMLA attachment proceedings, citing Delhi HC precedent. Section 32A immunity was unavailable as resolution plan conditions weren't satisfied. The tribunal found no conflict between SARFAESI Act and PMLA, as they serve different purposes. Property attachment under PMLA was upheld as the statutes operate in distinct spheres with different legislative objectives. en-us Thu, 06 Mar 2025 00:00:00 +0530 Mon, 14 Apr 2025 08:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768778 The Appellate Tribunal under SAFEMA dismissed an appeal challenging property attachment under PMLA despite IBC moratorium. The court held that Section 14 of IBC 2016 does not bar PMLA attachment proceedings, citing Delhi HC precedent. Section 32A immunity was unavailable as resolution plan conditions weren't satisfied. The tribunal found no conflict between SARFAESI Act and PMLA, as they serve different purposes. Property attachment under PMLA was upheld as the statutes operate in distinct spheres with different legislative objectives. Case-Laws Money Laundering Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768778