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2019 (7) TMI 2005 - HC - Money LaunderingMoney Laundering - Provisional attachment - SCN issued to the petitioner, though an order under sub-section 2 of Section 8 of the Act is yet to be passed - HELD THAT:- In a similar situation, a Division Bench of this Court in INDIAN BANK VERSUS THE REGISTRAR/ ADMINISTRATIVE OFFICER ADJUDICATING AUTHORITY (PMLA) , THE DEPUTY DIRECTOR, THE STATE OF TAMILNADU, THE DISTRICT COLLECTOR, THE SUPERINTENDENT OF POLICE, M/S. PRP EXPORTS [2018 (3) TMI 2019 - MADRAS HIGH COURT] where it was held that since the petitioner/Bank has already preferred the Appeal before the Appellate Tribunal, it is open to them to pursue their remedy before the Appellate Tribunal. There are no requirement to go into the issues raised on facts. Suffice it to state that four more weeks' time from the date of receipt of a copy of this order is granted to the petitioner to give a suitable reply to the show cause notice. On receipt of the same, the adjudicating authority is expected to pass a speaking order on merits and in accordance with law - petition disposed off.
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