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2015 (12) TMI 1336 - HC - Money LaunderingMaintainability of writ petition - Alternate remedy - Issue of notice under Prevention of Money Laundering Act, 2002 (PMLA) - Held that:- There is substance in the preliminary objection raised by Mr Bharadwaj and since Mr Sathe has fairly accepted the position that the alternate remedy is efficacious and complete, we dispose of this Writ Petition on the ground that the Petitioner has an alternate and equally efficacious remedy to challenge the notice at page 173 of the paper book. The Appellate Authority has also been approached with an interim application and we expect the Appellate Authority to consider all contentions of the Petitioner and equally those noticed by us today. The suggestions and proposals can also be placed before the said Appellate Authority. The Authority shall consider the matter on its own merits and in accordance with law. To enable the Petitioner to pursue the interim application, we direct that if the original Petitioners or their successor is in possession of the subject immovable property, then, they may not be dis-possessed therefrom for a period of two months - Appeal disposed of.
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