https://www.taxtmi.com/caselaws?id=772903 The Appellate Tribunal under SAFEMA ruled that PMLA being a special Act takes precedence over other Acts including SARFAESI provisions under Section 71. The Tribunal held that the appellant AARC, as assignee of secured creditor, can stake claim before Special Judge PMLA Court for auction sale of mortgaged property even before trial conclusion under Section 8(7) PMLA 2002. The secured creditor must provide undertaking to deposit excess auction proceeds with ED via FDRs. The Special Judge may invite objections from other interested parties before permitting auction sale. Appeal was disposed of accordingly. en-us Mon, 19 May 2025 00:00:00 +0530 Mon, 16 Jun 2025 08:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772903 The Appellate Tribunal under SAFEMA ruled that PMLA being a special Act takes precedence over other Acts including SARFAESI provisions under Section 71. The Tribunal held that the appellant AARC, as assignee of secured creditor, can stake claim before Special Judge PMLA Court for auction sale of mortgaged property even before trial conclusion under Section 8(7) PMLA 2002. The secured creditor must provide undertaking to deposit excess auction proceeds with ED via FDRs. The Special Judge may invite objections from other interested parties before permitting auction sale. Appeal was disposed of accordingly. Case-Laws Money Laundering Mon, 19 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772903