Allowed
FPA-PMLA-1193/BBS/2016 of M/s. Yazdani International Pvt. Ltd. v/s The Joint Director Directorate of Enforcement, Bhubaneswar
ATFPFPA-PMLA-1193/BBS/2016
Case brief
AI extract
What is this about?
The Appellate Tribunal held that the retention order did not survive the passage of more than three and a half years without the filing of a prosecution complaint within the limit under Section 8(3)(a) PMLA. The appeals were allowed by setting aside the impugned order without deciding on merits.
What did the court decide?
Appeals allowed; Impugned retention order set aside; clarification that order was not decided on merits.