https://www.taxtmi.com/caselaws?id=792802 A writ petition challenging provisional attachment under the Prevention of Money Laundering Act was held maintainable despite alternative statutory remedies because the grievance concerned a jurisdictional defect. The court held that the second proviso to Section 5(1) requires recorded satisfaction, based on material in possession, that immediate attachment is necessary to prevent frustration of proceedings. A bare repetition of statutory language, without objective material showing an imminent risk to the proceedings, does not satisfy that requirement. The provisional attachment was therefore set aside, and liberty was reserved to proceed afresh if the statutory conditions are properly met. en-us Tue, 02 Jun 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792802 A writ petition challenging provisional attachment under the Prevention of Money Laundering Act was held maintainable despite alternative statutory remedies because the grievance concerned a jurisdictional defect. The court held that the second proviso to Section 5(1) requires recorded satisfaction, based on material in possession, that immediate attachment is necessary to prevent frustration of proceedings. A bare repetition of statutory language, without objective material showing an imminent risk to the proceedings, does not satisfy that requirement. The provisional attachment was therefore set aside, and liberty was reserved to proceed afresh if the statutory conditions are properly met. Case-Laws Money Laundering Tue, 02 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792802