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2017 (8) TMI 755 - AT - Money LaunderingPrevention of money laundering - Provisional Attachment Order - sale of property before the attachment orders - Held that:- In the present case it is not denied by the respondent that the sale deed was registered prior to the date of provisional attachment order. The mandatory notice under section 8 has not been issued to the appellant. Thus, the impugned order is not sustainable and impugned order dated 20th January, 2017 is set aside only in relation to the property no. 1 which has been purchased by the appellant prior to the date of passing the provisional order. The appellant is granted four weeks time to file reply to the notice. The Adjudicating Authority, thereafter, shall decide the matter after considering all the pleas raised by the appellant including the plea of the appellant claiming itself as a bonafide purchaser and no tainted money was paid to the vendor. The appellant would also be entitled to raise its plea under section 5(3) of the Act, which shall be also considered by the Adjudicating Authority and decide the same as per law.
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