Allowed
FPA-PMLA-1009/MUM/2015 of Ace Card Hotels & Resorts Pvt. Ltd. v/s The Joint Director Directorate of Enforcement, Mumbai
ATFPFPA-PMLA-1009/MUM/2015
Case brief
AI extract
What is this about?
The Appellate Tribunal allowed appeals challenging provisional attachment orders under the PMLA. The Tribunal held that funds were legitimately received via a valid contract through banking channels, were not proceeds of crime, and were subject to a civil decree requiring refund.
What did the court decide?
All appeals allowed; impugned orders set aside; provisional attachment orders against subject properties quashed.