Money Laundering - proceeds of crime - provisional attachment ...

Court Allows Petition on Property Sale Amidst Money Laundering Case, Overrides Registrar's Refusal to Register Auction Sale.

December 20, 2023

Case Laws     Money Laundering     HC

Money Laundering - proceeds of crime - provisional attachment order - refusal by the Registrar of documents to register the Sale Certificate - In the present case, the property in question had been sold in auction to the Petitioner herein before the steps under Section 17 of the PMLA were initiated, and, therefore, this Court in the facts of the present case is inclined to exercise its jurisdiction under Article 226 of the Constitution of India even though the matter is pending before the Tribunal - Petition allowed. - HC

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