Allowed
FPA-PMLA-1045/HYD/2015 of Asara Realty Ventures Pvt. Ltd. v/s The Deputy Director Directorate of Enforcement, Hyderabad
ATFPFPA-PMLA-1045/HYD/2015
Case brief
AI extract
What is this about?
This application challenged the decision to set aside a stay order on the seizure of real estate assets shared by the company and a relative, arguing that the asset was not adhaar-linked property covered under the Prevention of Money Laundering Act. The Tribunal ordered re-notification of proceedings on the substance of the challenge.
What did the court decide?
The stay was set aside and proceedings were re-notified on 3rd August, 2017.