Insolvency and Bankruptcy Code takes precedence over PMLA in property attachment case, PAO confirmation order deemed unlawful.

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....Offence under PMLA - attachment of property - Since the action taken by the Bank of India was in accordance with law and was prior to the proceedings initiated under PMLA Act, the proceedings initiated by the Bank under the I&B Code is ought to be given precedence over the proceedings initiated under PMLA Act in respect of the aforementioned properties - hence the consequential order of confirmation of PAO is contrary to law....