https://www.taxtmi.com/caselaws?id=781487 Under the amended Section 5(1) of the Prevention of Money Laundering Act, provisional attachment is permissible where the competent authority records reasons to believe, on the basis of material in its possession, that non-attachment is likely to frustrate proceedings; the recorded reasons here were sufficient, and the absence of a charge for the scheduled offence did not defeat the attachment. A notice under Section 8(1) is valid where the Adjudicating Authority considers the complaint and material before forming the requisite belief; the same-day issuance of notice, even on a voluminous record, did not by itself show non-application of mind. en-us Thu, 16 Oct 2025 00:00:00 +0530 Mon, 17 Nov 2025 08:36:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781487 Under the amended Section 5(1) of the Prevention of Money Laundering Act, provisional attachment is permissible where the competent authority records reasons to believe, on the basis of material in its possession, that non-attachment is likely to frustrate proceedings; the recorded reasons here were sufficient, and the absence of a charge for the scheduled offence did not defeat the attachment. A notice under Section 8(1) is valid where the Adjudicating Authority considers the complaint and material before forming the requisite belief; the same-day issuance of notice, even on a voluminous record, did not by itself show non-application of mind. Case-Laws Money Laundering Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781487