2024 (8) TMI 1545 - AT - Money Laundering

Money Laundering - Seeking a direction to allow operation of the Bank Accounts - HELD THAT - The application is not found to be tenable. Once it was filed before the High Court followed by an order. The same request between the same parties would not maintainable and accordingly applications is dismissed. However it would not restrain the appellant to take the remedy if the order of the High Court has not been complied. Appeal disposed off.

Summary

The Appellate Tribunal for SAFEMA at New Delhi, chaired by Justice Munishwar Nath Bhandari and Shri Balesh Kumar, addressed several appeals related to the Prevention of Money Laundering Act (PMLA). In the case FPA-PMLA-3157/DLI/2019, the tribunal noted that the appellant failed to file a rejoinder to the reply, thus closing that opportunity. However, the appellant may submit written arguments during the final argument stage.In appeals FPA-PMLA-3144/DLI/2019 and FPA-PMLA-6271-6272/DLI/2023, an application was filed to direct the operation of bank accounts. The tribunal found the application untenable, as a similar request had already been addressed by the High Court, which issued an order allowing the operation of the bank accounts. The tribunal dismissed the application, stating that the appellant could seek remedies if the High Court's order was not complied with.For appeals FPA-PMLA-3142 & 3145-3146/DLI/2019, a rejoinder to the reply was filed, and the tribunal directed that a copy be served to the respondent's counsel within three days. All appeals are scheduled for final hearing on October 22, 2024.