https://www.taxtmi.com/caselaws?id=788316 A prior mortgage does not by itself prevent attachment of property under the Prevention of Money Laundering Act, 2002, and properties acquired before the scheduled offence may still be treated as value thereof. At the same time, a secured creditor retains the statutory remedy to approach the Special Court for release, sale, or other appropriate dealing with the secured asset under the money-laundering framework. The parties' rights in the criminal trial remain preserved, and the secured creditor may seek auction sale of the mortgaged property by filing the required affidavit or undertaking. The attachment was therefore left undisturbed while statutory remedies were kept open. en-us Wed, 09 Jul 2025 00:00:00 +0530 Fri, 20 Mar 2026 08:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788316 A prior mortgage does not by itself prevent attachment of property under the Prevention of Money Laundering Act, 2002, and properties acquired before the scheduled offence may still be treated as value thereof. At the same time, a secured creditor retains the statutory remedy to approach the Special Court for release, sale, or other appropriate dealing with the secured asset under the money-laundering framework. The parties' rights in the criminal trial remain preserved, and the secured creditor may seek auction sale of the mortgaged property by filing the required affidavit or undertaking. The attachment was therefore left undisturbed while statutory remedies were kept open. Case-Laws Money Laundering Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788316