https://www.taxtmi.com/caselaws?id=798393 Equivalent-value attachment under the Prevention of Money Laundering Act requires a demonstrable nexus between the targeted property and proceeds of crime, including evidence that tainted funds were passed on or layered and are unavailable for direct attachment. A subsidiary relationship or an unrelated gift to a holding company does not, by itself, establish that nexus or justify disregarding separate corporate identity. Provisional attachment also requires a substantiated likelihood that property will be concealed, transferred, or otherwise dealt with to frustrate confiscation. Existing mortgages, arbitration measures, and insolvency proceedings subjecting property dealings to the NCLT process do not establish that risk. Dealings with the properties remain governed by the insolvency process. en-us Mon, 31 Aug 2026 00:00:00 +0530 Mon, 07 Sep 2026 08:48:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798393 Equivalent-value attachment under the Prevention of Money Laundering Act requires a demonstrable nexus between the targeted property and proceeds of crime, including evidence that tainted funds were passed on or layered and are unavailable for direct attachment. A subsidiary relationship or an unrelated gift to a holding company does not, by itself, establish that nexus or justify disregarding separate corporate identity. Provisional attachment also requires a substantiated likelihood that property will be concealed, transferred, or otherwise dealt with to frustrate confiscation. Existing mortgages, arbitration measures, and insolvency proceedings subjecting property dealings to the NCLT process do not establish that risk. Dealings with the properties remain governed by the insolvency process. Case-Laws Money Laundering Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798393