Allowed
FPA-PMLA-1007/MUM/2015 of Ace Card Media Pvt. Ltd. v/s The Joint Director Directorate of Enforcement, Mumbai
ATFPFPA-PMLA-1007/MUM/2015
Case brief
AI extract
What is this about?
The Tribunal allowed appeals challenging provisional attachment orders in a money laundering case. It quashed attachments, ruling funds were legitimate business advances and not crime proceeds based on Income Tax Tribunal findings.
What did the court decide?
Impugned orders of the Adjudicating Authority were set aside and provisional attachment orders were quashed against the subject properties.