Allowed
FPA-PMLA-1115/MUM/2015 of M/s Ace Card InfrasolPvt. Ltd. v/s The Joint Director Directorate of Enforcement, Mumbai
ATFPFPA-PMLA-1115/MUM/2015
Case brief
AI extract
What is this about?
This judgment dismisses multiple appeals challenging provisional attachment orders. The Tribunal set aside the attachments, finding the source of funds was clean, the contract valid, and the funds were not proceeds of crime based on ITAT orders.
What did the court decide?
The impugned orders confirming provisional attachment and the provisional attachments themselves against the subject properties were set aside and quashed.