The appellant sought lapse of the attachment order u/s 5(1) and (3) of the Prevention of Money...

The appellant sought lapse of the attachment order u/s 5(1) and (3) of the Prevention of Money Laundering Act, 2002, questioning the legality of the order issued in relation to alleged criminal conspiracy, cheating, and forgery in the Slum Rehabilitation Scheme. The Adjudicating Authority issued a Provisional Attachment Order on 18.06.2021, followed by a Show Cause Notice on 04.08.2021, with the appellant filing a reply on 16.09.2021. Pleadings were completed on 23.09.2021, and the matter was listed for final hearing. While the Adjudicating Authority is required to pass an order within 180 days to prevent the attachment from lapsing u/s 26, the Appellate Tribunal considered the extraordinary situation during the Covid-19 pandemic. Referring..... .....

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