Attachment order upheld despite 180-day lapse due to Covid-19 exclusion period.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The AT upheld the provisional attachment order over the proceeds of crime. Despite the lapse of 180 days u/s 5(3) of PMLA, the period from 15.03.2020 to 28.02.2022 was excluded due to Covid-19 as per the SC's order. The property, though purchased by a non-accused entity, could be attached as it constituted proceeds of crime transferred by the accused. The appeal was dismissed, upholding the attachment orders.....