https://www.taxtmi.com/highlights?id=94673 AT held that in the absence of identifiable direct proceeds of crime, mortgaged properties of accused, relatives, associates or employees may be attached as equivalent value for their role in layering or siphoning illicit funds. However, for mortgaged assets, compelling the secured creditor bank to await trial conclusion serves no useful purpose. AT ruled it is empowered to permit auction of the attached mortgaged property prior to trial conclusion to avoid financial prejudice to the bank. The appeal was allowed regarding property at serial no. 1, permitting auction under SARFAESI, directing that surplus sale proceeds, after satisfaction of the bank's dues, be deposited with the Enforcement Directorate in FDR form. en-us Tue, 02 Dec 2025 08:35:09 +0530 Tue, 02 Dec 2025 08:35:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94673 AT held that in the absence of identifiable direct proceeds of crime, mortgaged properties of accused, relatives, associates or employees may be attached as equivalent value for their role in layering or siphoning illicit funds. However, for mortgaged assets, compelling the secured creditor bank to await trial conclusion serves no useful purpose. AT ruled it is empowered to permit auction of the attached mortgaged property prior to trial conclusion to avoid financial prejudice to the bank. The appeal was allowed regarding property at serial no. 1, permitting auction under SARFAESI, directing that surplus sale proceeds, after satisfaction of the bank's dues, be deposited with the Enforcement Directorate in FDR form. Highlights Money Laundering Tue, 02 Dec 2025 08:35:09 +0530 https://www.taxtmi.com/highlights?id=94673