https://www.taxtmi.com/highlights?id=94999 The HC dismissed the application seeking condonation of 116 days' delay in filing an appeal under S.42 PMLA. It held that, read with S.29(2) Limitation Act, the statutory scheme under S.42 PMLA prescribes a maximum outer limit of 120 days (60 days plus a further 60 days) for filing an appeal, expressly excluding the application of S.5 Limitation Act beyond this period. Relying on analogous SC precedents under the Electricity Act and the Arbitration and Conciliation Act, the HC concluded it lacks jurisdiction to condone delay beyond 120 days, rendering the appeal time-barred. en-us Sat, 13 Dec 2025 08:28:29 +0530 Sat, 13 Dec 2025 08:28:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94999 The HC dismissed the application seeking condonation of 116 days' delay in filing an appeal under S.42 PMLA. It held that, read with S.29(2) Limitation Act, the statutory scheme under S.42 PMLA prescribes a maximum outer limit of 120 days (60 days plus a further 60 days) for filing an appeal, expressly excluding the application of S.5 Limitation Act beyond this period. Relying on analogous SC precedents under the Electricity Act and the Arbitration and Conciliation Act, the HC concluded it lacks jurisdiction to condone delay beyond 120 days, rendering the appeal time-barred. Highlights Money Laundering Sat, 13 Dec 2025 08:28:29 +0530 https://www.taxtmi.com/highlights?id=94999