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    <title>2025 (8) TMI 939 - APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI</title>
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    <description>AT allowed the liquidator of the company in liquidation to apply under s.8(7) PMLA to auction attached properties to satisfy secured creditors and distribute proceeds proportionately. Any excess sale proceeds must be deposited with ED as an FDR pending conclusion of the PMLA trial; the Special Judge, PMLA Court will dispose of the FDR after trial. The tribunal relied on the context of relevant higher court authority and disposed of the appeal, permitting the liquidation-sale process to proceed subject to the stated undertaking and judicial oversight.</description>
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      <description>AT allowed the liquidator of the company in liquidation to apply under s.8(7) PMLA to auction attached properties to satisfy secured creditors and distribute proceeds proportionately. Any excess sale proceeds must be deposited with ED as an FDR pending conclusion of the PMLA trial; the Special Judge, PMLA Court will dispose of the FDR after trial. The tribunal relied on the context of relevant higher court authority and disposed of the appeal, permitting the liquidation-sale process to proceed subject to the stated undertaking and judicial oversight.</description>
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