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2022 (8) TMI 1361 - DELHI HIGH COURTMoney Laundering - validity of debit freeze orders made by the respondents in purported exercise of powers conferred by Section 17(1A) of the Prevention of Money Laundering Act, 2002 - HELD THAT:- The petitioners may file their requisite undertakings before the competent authority of the respondents to effect compliance. Upon the filing of those undertakings, the respondents may permit operation of the concerned accounts subject to the petitioners complying with the condition imposed. The Court further observes that it shall be open to the Directorate to duly verify that all the petitioners maintain balances as were standing to the credit of the respective accounts on the date of seizure and that those balances are retained and preserved at all times during the pendency of proceedings before the Adjudicating Authority - Petition disposed off.
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