Court Upholds Tribunal Laws; Validates Adjudicating Authority's Role Under PMLA; Dismisses Need for Judicial Member.

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....This appeal challenges the constitution of the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA), 2002, alleging violation of principles of natural justice. The court held that the new law governing tribunals, including the Appellate Tribunal under PMLA, has been enacted based on Supreme Court observations. While the Adjudicating Authority is required to pass reasoned orders, it operates under tight time-frames and cannot be expected to address every issue raised through miscellaneous applications. The appellant's contention that a Judicial Member must be present was rejected, as no such ratio was laid down in the cited cases. The court also clarified that the 'reasons to believe' recorded u/s 17 for search and seiz.........