https://www.taxtmi.com/caselaws?id=772410 Interim de-freezing of bank accounts and release of frozen movable assets under the PMLA was refused where the applicants could not substantiate a genuine need for educational or living expenses with credible documents. The court found the claimed tuition requirement could be met from unfrozen funds already available in other accounts, while one applicant produced only an offer letter, another relied on a GMAT-related email without supporting admission material, and the third filed no documentary proof. Living-expense claims were also unsubstantiated, particularly as two applicants were employed professionals. In light of the confirmed freezing and the risk of undermining the statutory scheme, the applications were dismissed. en-us Wed, 04 Jun 2025 00:00:00 +0530 Sat, 07 Jun 2025 08:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772410 Interim de-freezing of bank accounts and release of frozen movable assets under the PMLA was refused where the applicants could not substantiate a genuine need for educational or living expenses with credible documents. The court found the claimed tuition requirement could be met from unfrozen funds already available in other accounts, while one applicant produced only an offer letter, another relied on a GMAT-related email without supporting admission material, and the third filed no documentary proof. Living-expense claims were also unsubstantiated, particularly as two applicants were employed professionals. In light of the confirmed freezing and the risk of undermining the statutory scheme, the applications were dismissed. Case-Laws Money Laundering Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772410