Home Case Index All Cases Money Laundering Money Laundering + AT Money Laundering - 2018 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (3) TMI 1065 - AT - Money LaunderingOffence under PMLA - Provisional Attachment Order - Held that:- During the course of the hearing, the learned counsel appearing on behalf of the respondent has stated that as far as the calculation of the Judgement of property is concerned this Appellate Tribunal has to give the final findings and in case the allegations against the appellants are proved in the complaint under the scheduled offence in Prevention of Money Laundering Act then the movable and immovable property would be vested with the state. In case we go through the Judgement of Hyderabad High Court [2016 (3) TMI 1289 - ANDHRA PRADESH HIGH COURT] which is sub-judice before the Hon’ble Supreme Court, it would not be appropriate for us to give the final findings about the merits of the case as well as the clarification of the movable and immovable properties. Under these circumstances, we are of the view that without going into the merit of the appeals and without expressing opinion about the rival submissions of the parties on merit, it would be appropriate to await the decision of the Supreme Court. After the said decision, an appropriate order would be passed
|