FPA-PMLA-2367/MUM/2018 of M/s. Pushpak Bullion Pvt. Ltd. v/s The Deputy Director Directorate of Enforcement, Mumbai
ATFPFPA-PMLA-2367/MUM/2018
Case brief
AI extract
What is this about?
The Tribunal listed a stay and exemption appeal under PMLA regarding enforcement proceedings. Due to a fresh Section 8(4) possession notice, the court stayed coercive action on the property pending verification of the appellant's claim that it was legitimately purchased.
What did the court decide?
No coercive action to be taken on the attached property during the pendency of the appeal, subject to the appellant's undertaking.