Allowed
FPA-PMLA-2834/DLI/2019 of American Biotech Ltd. v/s The Deputy Director Directorate of Enforcement, Delhi
ATFPFPA-PMLA-2834/DLI/2019
Case brief
AI extract
What is this about?
In multiple appeals, the Tribunal was sought an interim order regarding attached proceeds not to be disposed. The Tribunal directed continuation of attachment while preventing the ED from taking physical possession or allowing creation of third-party interest by the appellants.
What did the court decide?
Attached property shall continue to remain attached; neither-third party interest be created nor property be disposed by appellants. No physical possession shall be taken by the Enforcement Directorat