https://www.taxtmi.com/caselaws?id=779150 AT dismissed the appeal and upheld the DRT's recognition of PMLA-based provisional attachment of the impugned properties while acknowledging the creditor bank's interest. The tribunal confirmed attachments were aimed at securing alleged proceeds of crime and preserved the bank's liberty to seek release or claim before the Special Court under PMLA provisions. The decision notes SC precedent that secured creditors lack priority over properties already attached as proceeds of crime. The appeal and pending applications were disposed of, with leave to the bank to pursue remedies under Sections 8(7)-8(8) of PMLA. en-us Wed, 24 Sep 2025 00:00:00 +0530 Tue, 30 Sep 2025 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779150 AT dismissed the appeal and upheld the DRT's recognition of PMLA-based provisional attachment of the impugned properties while acknowledging the creditor bank's interest. The tribunal confirmed attachments were aimed at securing alleged proceeds of crime and preserved the bank's liberty to seek release or claim before the Special Court under PMLA provisions. The decision notes SC precedent that secured creditors lack priority over properties already attached as proceeds of crime. The appeal and pending applications were disposed of, with leave to the bank to pursue remedies under Sections 8(7)-8(8) of PMLA. Case-Laws Money Laundering Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779150