Allowed
FPA-PMLA-938/MUM/2015 of Nilesh J. Thakur v/s The Joint Director Directorate of Enforcement, Mumbai
ATFPFPA-PMLA-938/MUM/2015
Case brief
AI extract
What is this about?
Appellants challenged provisional attachment orders regarding properties purchased with funds from Shapoorji Pallonji. The Tribunal held attachment illegal as funds were clean advances from a valid contract. Relying on Income Tax Appellate Tribunal findings, the court quashed attachment orders and allowed appeals.
What did the court decide?
Impugned orders confirming attachment and orders of provisional attachment were set aside. All appeals were disposed of.