https://www.taxtmi.com/caselaws?id=470770 Provisional attachment requires a basis to apprehend that the property may be transferred or dealt with to frustrate confiscation. A fixed deposit created under a Special Court's direction and held in the custody of the Bureau of Prevention of Corruption was not transferable by the appellant. Because the appellant could not deal with or transfer the deposit, the required statutory basis for apprehending dissipation was absent. The article notes that the provisional attachment and its confirmation were therefore unsustainable and were interfered with in the appellant's favour. en-us Mon, 27 May 2024 00:00:00 +0530 Fri, 07 Aug 2026 18:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470770 Provisional attachment requires a basis to apprehend that the property may be transferred or dealt with to frustrate confiscation. A fixed deposit created under a Special Court's direction and held in the custody of the Bureau of Prevention of Corruption was not transferable by the appellant. Because the appellant could not deal with or transfer the deposit, the required statutory basis for apprehending dissipation was absent. The article notes that the provisional attachment and its confirmation were therefore unsustainable and were interfered with in the appellant's favour. Case-Laws Money Laundering Mon, 27 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470770