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2021 (4) TMI 1262 - HC - Money LaunderingMoney Laundering - provisional order of attachment - extension of time limitation - petitioner argues that extension of limitation granted by the Supreme Court on various occasions, pertained only to limitations regarding proceedings and the stipulation under Section 5(3) of the 2002 Act is not covered by said limitation - HELD THAT:- The language of Section 5(3) of the 2002 Act is very clear as to the period of 180 days operating in respect of orders of attachment and says in positive language that such order of attachment shall cease to have effect after the expiry of such period. The said restriction/stipulation does not relate to any period of limitation prescribed under the general or special laws pertaining to institution or termination of “proceedings” but directly deals with the tenure of operation of the order of provisional attachment - the writ petition is required to be heard on its merits. The matter shall next be enlisted for hearing fairly at the top of the list on May 12, 2021.
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