Live Help
Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :


Thank you for your details

Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session

Properties mortgaged with bank prior to alleged offense under PMLA couldn't be provisionally attached

July 18, 2019[2019] 107 255 ((PMLA-AT), NEW DELHI)

FEMA, BANKING & INSURANCE: Where appellant bank sanctioned loan facilities to borrowers against mortgage of various properties and, subsequently, respondent-department finding that said borrowers siphoned money from various Indian banks, initiated proceedings under Act in course of which properties mortgaged with appellant bank were provisionally attached, in view of fact that properties so mortgaged were purchased many years prior to dates of offence committed by borrowers-accused and, thus, could not be a part of alleged proceeds of crime, impugned provisional attachment order was to be set aside

read more
Best view in 1140 x 768