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2021 (5) TMI 1070 - HC - Money LaunderingConstitutional Validity - whether Sub-section (4) of Section 8 of the Prevention of Money Laundering Act, 2002 (PMLA) is intravires the Constitution of India for the purpose of initiating proceedings under Section 3 of the PMLA, or not? HELD THAT:- The Co-ordinate Bench of this Court in SRI M.B. VIKRAM VERSUS DEPUTY DIRECTOR, DIRECTORATE OF ENFORCEMENT, BANGALORE [2021 (2) TMI 1355 - KARNATAKA HIGH COURT] having already refused to interfere in the matter and having permitted the appellants therein to agitate all their contentions before the Appellate Tribunal, it is opined that the same would be applicable to the present proceedings. Hence, it is deemed appropriate to dispose of the appeals by relegating the appellants to the Appellate Tribunal reserving liberty to press for interim/protective orders pending disposal of the appeal by the Appellate Tribunal. Pending disposal of the appeal to be filed by the appellants and consideration of any interlocutory application to be filed by the appellants, the respondents are restrained from taking any precipitative action against the appellants. Appeal disposed off.
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