https://www.taxtmi.com/caselaws?id=777773 AT held that alleged collusion between bank officials and company directors is not foreclosed and must be determined by the Special Judge, PMLA Court. The tribunal directed that, despite PMLA proceedings, the liquidator may seek leave under s.8(7) PMLA to auction the specified property to satisfy the consortium of banks and other creditors, provided any sale surplus is deposited with ED as an FDR; the Special Judge will dispose of that FDR after conclusion of the PMLA trial. The appeal was disposed of. en-us Tue, 20 May 2025 00:00:00 +0530 Fri, 05 Sep 2025 08:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777773 AT held that alleged collusion between bank officials and company directors is not foreclosed and must be determined by the Special Judge, PMLA Court. The tribunal directed that, despite PMLA proceedings, the liquidator may seek leave under s.8(7) PMLA to auction the specified property to satisfy the consortium of banks and other creditors, provided any sale surplus is deposited with ED as an FDR; the Special Judge will dispose of that FDR after conclusion of the PMLA trial. The appeal was disposed of. Case-Laws Money Laundering Tue, 20 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777773