https://www.taxtmi.com/caselaws?id=782244 HC held that the 180-day validity period for provisional attachment orders under Section 5(1) PMLA is strictly governed by the statute and its Third Proviso, which only permits exclusion of time during which proceedings are stayed by HC plus up to 30 days after vacation of stay. The SC's COVID-19 extension orders did not apply to PMLA timelines. Consequently, the provisional attachment order dated 27 November 2020 automatically lapsed on 26 May 2021 and became without legal effect. HC declared the attachment lifted from that date, restrained respondents from acting on the expired order, and disposed of the petition and interim application. en-us Mon, 24 Nov 2025 00:00:00 +0530 Thu, 27 Nov 2025 08:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782244 HC held that the 180-day validity period for provisional attachment orders under Section 5(1) PMLA is strictly governed by the statute and its Third Proviso, which only permits exclusion of time during which proceedings are stayed by HC plus up to 30 days after vacation of stay. The SC's COVID-19 extension orders did not apply to PMLA timelines. Consequently, the provisional attachment order dated 27 November 2020 automatically lapsed on 26 May 2021 and became without legal effect. HC declared the attachment lifted from that date, restrained respondents from acting on the expired order, and disposed of the petition and interim application. Case-Laws Money Laundering Mon, 24 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782244