https://www.taxtmi.com/caselaws?id=799899 PMLA attachment of property identified as proceeds of crime prevails over a prior mortgage and enforcement action under the SARFAESI framework. The two regimes operate in distinct fields, with the PMLA overriding in matters involving money-laundering and tainted property. A secured creditor must establish bona fide acquisition of its interest, adequate consideration and appropriate due diligence to obtain protection. Where land was acquired through tainted funds and the mortgagee could not show sufficient due diligence when creating the security, the attachment continues despite the creditor's lack of criminal culpability. Recourse remains available before the Special Court under the PMLA. en-us Thu, 17 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799899 PMLA attachment of property identified as proceeds of crime prevails over a prior mortgage and enforcement action under the SARFAESI framework. The two regimes operate in distinct fields, with the PMLA overriding in matters involving money-laundering and tainted property. A secured creditor must establish bona fide acquisition of its interest, adequate consideration and appropriate due diligence to obtain protection. Where land was acquired through tainted funds and the mortgagee could not show sufficient due diligence when creating the security, the attachment continues despite the creditor's lack of criminal culpability. Recourse remains available before the Special Court under the PMLA. Case-Laws Money Laundering Thu, 17 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799899