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2018 (3) TMI 2019 - MADRAS HIGH COURTMoney laundering - provisional attachment order - petitioner/Bank has already filed an Appeal before the Appellate Tribunal - HELD THAT:- In the light of the fact that the petitioner/Bank has already filed an Appeal before the Appellate Tribunal, the merits of the matter not gone into, and suffice it to state that the challenge to the order of provisional attachment is not maintainable, since, any person, aggrieved by the order of provisional attachment, has an effective remedy under the provisions of the Act. Therefore, the relief sought for by the petitioner/Bank is misconceived, as they were required to agitate the matter under the provisions of the Act and by following the procedure contemplated therein. However, 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. Petition dismissed.
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