Allowed
FPA-PMLA-1005/MUM/2015 of Ace Card InfrasolPvt. Ltd. v/s The Joint Director Directorate of Enforcement, Mumbaic
ATFPFPA-PMLA-1005/MUM/2015
Case brief
AI extract
What is this about?
The Appellate Tribunal allowed appeals filed by Nilesh J. Thakur and associated entities challenging provisional attachment orders under the Prevention of Money Laundering Act. The Tribunal quashed the attachments, ruling that the attached properties were purchased using clean funds from a legitimate business contract with SPCL, which was confirmed by the Income Tax Appellate Tribunal. The order h
What did the court decide?
All appeals allowed; impugned orders of the adjudicating authority set aside; provisional attachment orders quashed.