https://www.taxtmi.com/caselaws?id=468377 The confirmed provisional attachment under the Prevention of Money-Laundering Act ceased to operate because the prosecution complaint was filed after the period then prescribed by Section 8(3)(a). The tribunal noted that, as applicable after the 19.04.2018 amendment, continuation of attachment depended on timely filing of the complaint within the statutory period; filing on 16.01.2020 was too late. On that basis, the attachment lapsed by operation of law, and the subject properties were held no longer under attachment, without expressing any view on the pending prosecution before the Special Court. en-us Thu, 10 Oct 2024 00:00:00 +0530 Sat, 02 May 2026 19:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468377 The confirmed provisional attachment under the Prevention of Money-Laundering Act ceased to operate because the prosecution complaint was filed after the period then prescribed by Section 8(3)(a). The tribunal noted that, as applicable after the 19.04.2018 amendment, continuation of attachment depended on timely filing of the complaint within the statutory period; filing on 16.01.2020 was too late. On that basis, the attachment lapsed by operation of law, and the subject properties were held no longer under attachment, without expressing any view on the pending prosecution before the Special Court. Case-Laws Money Laundering Thu, 10 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468377