2020 (2) TMI 1685

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....9;BLE MR.JUSTICE AJAY TEWARI Mr.Satya Pal Jain, Senior Advocate, Addl.Solicitor General of India with Mr.Arvind Moudgil, Senior counsel Govt. of India, & Mr.Suresh Batra, Advocate for the appellant. Mr.D.K.Singal, Advocate, Mr.Harsh Chopra, Advocate, Mr.Nitin Grover, Advocate, Mr.Sanjeev Singh, Advocate, Mr.Sandeep Suri, Advocate for the respondent JUDGMENT RAJIV SHARMA, J.(ORAL) Si....

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....released from the attachment and the appellant Banks may take the possession of these properties mortgaged with them as secured assets. It is noted here that PNBHF Ltd. Bank and ICICI bank, appellants in FPA-PMLA-1388/JL/2016 and FPAPMLA-1423/JL/2016 respectively, during the course of pendency of the appeal prayed this tribunal to allow them to sell the mortgaged properties i.e. scheduled 'A&#....

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....") as well as Prevention of Money Laundering Act, 2002 (in short "PMLA"). The purpose of both enactments is different. The PMLA is a special Act. Section 71 reads as under:- "71. Act to have overriding effect.-The provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force." The attention of the Court h....