https://www.taxtmi.com/caselaws?id=773066 The Appellate Tribunal under SAFEMA partially set aside the ED's Provisional Attachment Order dated 30.10.2018 concerning properties involved in a Rs. 8 crore loan fraud case from July-August 2013. The tribunal held that secured creditors' rights prevail over unsecured creditors, allowing already-auctioned properties to remain with purchasers while directing excess amounts be deposited with ED as FDR. For SBI-mortgaged properties, the bank was permitted to seek Special Judge's permission under Section 8(7) PMLA for e-auction before trial conclusion, with excess proceeds after loan recovery to be deposited with ED for unsecured creditors' claims. en-us Tue, 25 Mar 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773066 The Appellate Tribunal under SAFEMA partially set aside the ED's Provisional Attachment Order dated 30.10.2018 concerning properties involved in a Rs. 8 crore loan fraud case from July-August 2013. The tribunal held that secured creditors' rights prevail over unsecured creditors, allowing already-auctioned properties to remain with purchasers while directing excess amounts be deposited with ED as FDR. For SBI-mortgaged properties, the bank was permitted to seek Special Judge's permission under Section 8(7) PMLA for e-auction before trial conclusion, with excess proceeds after loan recovery to be deposited with ED for unsecured creditors' claims. Case-Laws Money Laundering Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773066