https://www.taxtmi.com/news?id=58073 Refusal to stay ED proceedings under the PMLA where the key issue is whether Rs 33.80 crore - unpaid consideration for iron ore - constitutes proceeds of crime. Payments were made through regular banking channels and reflected in accounts; the court declined to quash cognisance or interdict proceedings and directed that statutory appeals be pursued before the Appellate Tribunal, which will determine whether the attached property falls within Section 2(1)(u) PMLA and whether withdrawals violated law. en-us Tue, 07 Oct 2025 19:01:03 +0530 Tue, 07 Oct 2025 19:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=58073 Refusal to stay ED proceedings under the PMLA where the key issue is whether Rs 33.80 crore - unpaid consideration for iron ore - constitutes proceeds of crime. Payments were made through regular banking channels and reflected in accounts; the court declined to quash cognisance or interdict proceedings and directed that statutory appeals be pursued before the Appellate Tribunal, which will determine whether the attached property falls within Section 2(1)(u) PMLA and whether withdrawals violated law. News - Tue, 07 Oct 2025 19:01:03 +0530 https://www.taxtmi.com/news?id=58073