https://www.taxtmi.com/caselaws?id=797985 Provisional attachment of properties acquired through layered diverted loan funds remained valid despite claims of prior sale or mortgage. Receipt of funds from the accused entity, without invoices, GST returns, income-tax returns, or evidence of genuine business activity or an independent acquisition source, supported treatment of the entities as shell companies used to layer proceeds of crime and acquire assets. A seller retaining no interest after an asserted sale could not challenge attachment; purchasers may pursue independent claims. Mortgages did not displace attachment, while mortgagees' claims remained open. Confirmation of the attachment, including for mortgaged and partly sold properties, was sustained. en-us Mon, 06 Jul 2026 00:00:00 +0530 Tue, 01 Sep 2026 08:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797985 Provisional attachment of properties acquired through layered diverted loan funds remained valid despite claims of prior sale or mortgage. Receipt of funds from the accused entity, without invoices, GST returns, income-tax returns, or evidence of genuine business activity or an independent acquisition source, supported treatment of the entities as shell companies used to layer proceeds of crime and acquire assets. A seller retaining no interest after an asserted sale could not challenge attachment; purchasers may pursue independent claims. Mortgages did not displace attachment, while mortgagees' claims remained open. Confirmation of the attachment, including for mortgaged and partly sold properties, was sustained. Case-Laws Money Laundering Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797985