Allowed
FPA-PMLA-2383/DLI/2018 of Shri Sanjiv Mahajan v/s The Joint Director, Directorate of Enforcement, Delhi
ATFPFPA-PMLA-2383/DLI/2018
Case brief
AI extract
What is this about?
The Tribunal allowed an appeal filed under Section 26 of the PMLA, setting aside a retention order. It held that under Section 8(3)(a), more than a year had elapsed without a prosecution complaint, causing the order to lapse. The retained material was directed to be returned.
What did the court decide?
The retention order of seizure set aside; retained material to be returned to the appellant within four weeks.