2022 (1) TMI 1375 - HC - Money Laundering

Appointments to the Appellate Tribunal under the Prevention of Money Laundering Act - HELD THAT - Consistent with the orders passed by other Courts, therefore, we will have to grant an order of status-quo in both these matters. There is a dispute between the two sides as to whether possession or has or has not been taken. There are no finding in that regard - It is directed that the present status-quo is to be maintained and no further coercive steps are to be taken against the Petitioners. Liberty to the parties to apply once the appointments are made.

Summary

The High Court of Bombay ordered a status-quo in two cases due to vacancies in the Appellate Tribunal under the Prevention of Money Laundering Act. The court directed that the present status-quo be maintained, and no further coercive steps are to be taken against the Petitioners. Parties can apply once appointments are made, and all concerned must act on a digitally signed copy of the order.