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TMI Blog2020 (8) TMI 380X X X X Extracts X X X X X X X X Extracts X X X X ..... The Prevention of Money-Laundering Act, 2002 - HELD THAT:- his Court is of the view that under Section 5(1)(b) of the PMLA, an order of provisional attachment remains in force only for a period of 180 days from the date of the order passed by the Director with regard to the proceeds of crime which the concerned Director has reasons to believe are likely to be concealed, transferred or dealt with i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - petition dismissed as withdrawn. - W.P. 5955 (W) of 2020 With C.A.N. 4115 of 2020 - - - Dated:- 4-8-2020 - Moushumi Bhattacharya, J. For the Petitioner : Mr. Amit Desai, Sr. Adv., Mr. Deepan Sarkar, Mr. Rustam Mulla, Mr. Arunabha Deb, Mr. Tanmoy Chakraborty, Mr. Harshad Guda, Mr. Ayush Jain, Mr. S. Kirkhabwala For the Respondent : Mr. Y.J. Dastoor, Ld. A.S.G., Mr. Siddhartha Lahiri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... journments on various dates when the matter was called on which are April 14, 2020, June 12, 2020, June 28, 2020 and July 14, 2020 including on the last occasion on 31st July, 2020 where time was taken on the ground of a resolution taken at the Bar. It is submitted that the petitioner allowed the petition to remain on Board with a strategy of waiting out the period of 180 days as provided under Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the expiry of 180 days or on the date of an order made under Section 8(3) or whichever is earlier. Section 8(3) deals with a situation where the Adjudicating Authority makes an order in writing confirming the attachment of the property made under Section 5(1) or for retention of the property etc. Admittedly, no such order has been passed by the Adjudicating Authority against the petitioner under S ..... X X X X Extracts X X X X X X X X Extracts X X X X
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