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2022 (4) TMI 1538 - BOMBAY HIGH COURTMoney Laundering - Appellate Tribunal under (PMLA) is not functional - Petitioner intends to prefer an Appeal against the order passed by the Adjudicating Authority within 45 days as stipulated under Section 26 of the PMLA - HELD THAT:- It is not in dispute that the Appellate Tribunal (under PMLA) is presently not functional for want of appointment a Chairperson - the statement of the learned counsel for the Petitioner is accepted that the Petitioner will be filing an Appeal along with a stay Application before the Tribunal within the stipulated period of the Act. Accordingly, no coercive steps be taken with respect to the subject properties till such time, the Appellate Authority (under the PMLA), decides the stay Application of the Petitioner - petition disposed off.
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