2019 (7) TMI 2005

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..... n 8 of the Act is yet to be passed - HELD THAT:- In a similar situation, a Division Bench of this Court in INDIAN BANK VERSUS THE REGISTRAR/ ADMINISTRATIVE OFFICER ADJUDICATING AUTHORITY (PMLA) , THE DEPUTY DIRECTOR, THE STATE OF TAMILNADU, THE DISTRICT COLLECTOR, THE SUPERINTENDENT OF POLICE, M/S. PRP EXPORTS [ 2018 (3) TMI 2019 - MADRAS HIGH COURT] where it was held that since the petitioner/ .....

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..... of provisional attachment passed by the 1st respondent. 2. We find that much water has flown under the bridge after the passing of the above said order. 3. A complaint was sent in accordance with Section 5(5) of The Prevention of Money-Laundering Act, 2002 followed by an application of mind by the adjudication authority under Section 8 of the above said Act. Thereafter, he issued a show cau .....

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..... as they were required to agitate the matter under the provisions of the Act and by following the procedure contemplated therein. However, since the petitioner/Bank has already preferred the Appeal before the Appellate Tribunal, it is open to them to pursue their remedy before the Appellate Tribunal. 4. In such view of the matter, we are not inclined to go into the issues raised on facts. Suffi .....

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