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2021 (7) TMI 1409 - HC - Money LaunderingMoney Laundering - Provisional attachment Order - proceeds of crime - case of appellant is that events in subject matter of the alleged offences for the properties-in-question are stated to be proceeds of crime, have occurred much after the date of acquisition of the said properties - typographical errors resulting to show suspicious transactions - connection of petitioners with the accused - HELD THAT:- This Court notes that in terms of Section 8 of the PMLA Act, the petitioners have been issued show cause notice on 8th June, 2021. The matter is pending adjudication before the Adjudicating Authority. The writ petition is premature - question of jurisdiction raised in respect of a quasi judicial proceeding by the writ petitioners, is first required to be addressed by the authority created under the statute to adjudicate the matter. The writ petitioners also have a remedy of an appeal before a Tribunal against the order of the adjudicating authority - This Court, therefore, is of the view that it may be rather premature for the writ petitioner to approach the writ court against the provisional findings by the authority under the statute. This Court directs the adjudicating authority under Section 8 to complete proceeding against the writ petitioners within the period specified under the statute. No unnecessary adjournment shall be granted by the adjudicating authority to any of the parties - Petition disposed off.
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