https://www.taxtmi.com/caselaws?id=782564 The AT under SAFEMA held that, even absent direct proceeds of crime, properties of accused persons, their relatives, associates or employees may be attached as representing the value of such proceeds. However, in the case of mortgaged properties, compelling the secured creditor to await conclusion of the criminal trial would serve no useful purpose and could cause financial hardship. The AT ruled that it has power to authorize auction prior to trial completion. The appeal concerning property at serial no. 1 was allowed, permitting auction under the SARFAESI Act, with any surplus over the bank's dues to be deposited with the Enforcement Directorate in FDR form. en-us Thu, 27 Nov 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782564 The AT under SAFEMA held that, even absent direct proceeds of crime, properties of accused persons, their relatives, associates or employees may be attached as representing the value of such proceeds. However, in the case of mortgaged properties, compelling the secured creditor to await conclusion of the criminal trial would serve no useful purpose and could cause financial hardship. The AT ruled that it has power to authorize auction prior to trial completion. The appeal concerning property at serial no. 1 was allowed, permitting auction under the SARFAESI Act, with any surplus over the bank's dues to be deposited with the Enforcement Directorate in FDR form. Case-Laws Money Laundering Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782564