2015 (5) TMI 1188 - HC - Money Laundering

Offence under PMLA - provisional attachment order - HELD THAT - Recording the submissions made by the learned Additional Solicitor General of India these writ petitions are closed with liberty to the petitioners to challenge the final order has been passed on 26.5.2015 by the Adjudicating Authority. passed by the Adjudicating authority in the manner known to law.

Summary

Issues:
Challenge to proceedings under Section 8 of the Prevention of Money Laundering Act, 2002.

Analysis:
The petitioners filed writ petitions challenging the proceedings of the Adjudicating Authority dated 30.3.2015 and sought a direction to prevent further action under Section 8 of the Prevention of Money Laundering Act, 2002. They claimed false implication in a CBI case and subsequent initiation of proceedings under the Money Laundering Act after dismissal of their discharge petitions. The second respondent issued a provisional attachment order, which was challenged in a separate writ petition. The first respondent directed the petitioners to appear for an inquiry on 25.5.2015, despite a pending writ petition related to the attachment order. The petitioners sought an adjournment, which was rejected, and final orders were reserved by the first respondent. The Additional Solicitor General informed that a final order was passed on 26.5.2015 by the Adjudicating Authority.

The learned Senior Counsel for the petitioners requested liberty to challenge the final order dated 26.5.2015. Subsequently, the writ petitions were closed with liberty granted to the petitioners to challenge the order in accordance with the law, as per the submissions made by the Additional Solicitor General of India. No costs were awarded, and connected miscellaneous petitions were also closed.