https://www.taxtmi.com/caselaws?id=798326 Under the Prevention of Money Laundering Act, the Adjudicating Authority must be constituted in accordance with the statutory requirement of a Chairperson and two qualified Members; a sole-Chairperson Bench without proof of lawful constitution lacks jurisdiction. Continued freezing or retention requires a reasoned, property-specific finding that identified assets are involved in money-laundering, supported by a nexus to criminal activity. General satisfaction that restraint is needed for adjudication is insufficient, and an appellate body cannot retrospectively supply the omitted original finding. Gross turnover, foreign remittances, or bank-account ownership alone do not establish proceeds of crime without a predicate offence and asset-specific justification. en-us Wed, 02 Sep 2026 00:00:00 +0530 Sat, 05 Sep 2026 08:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798326 Under the Prevention of Money Laundering Act, the Adjudicating Authority must be constituted in accordance with the statutory requirement of a Chairperson and two qualified Members; a sole-Chairperson Bench without proof of lawful constitution lacks jurisdiction. Continued freezing or retention requires a reasoned, property-specific finding that identified assets are involved in money-laundering, supported by a nexus to criminal activity. General satisfaction that restraint is needed for adjudication is insufficient, and an appellate body cannot retrospectively supply the omitted original finding. Gross turnover, foreign remittances, or bank-account ownership alone do not establish proceeds of crime without a predicate offence and asset-specific justification. Case-Laws Money Laundering Wed, 02 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798326