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2023 (3) TMI 1129 - HC - Money LaunderingProvisional Attachment Order (PAO) - Permission to sell the immovable property - It is submitted that the subject property could not have been included as proceeds of crime by the Adjudicating Authority (PMLA) - HELD THAT:- It is observed that the challenge is to a PAO dated 2nd September, 2019 and the purpose of ensuring that the subject property is duly sold and the amounts are realized, has been achieved. Further, the Petitioner has a remedy under Section 8(2) first proviso of the PMLA Act, 2002 to approach the Adjudicating Authority (PMLA) and to establish that the subject property is not involved in money laundering. The matter shall now proceed before the Adjudicating Authority under the provisions of PMLA Act, 2002 - Petitioner would be free to file an application before the Adjudicating Authority under Section 8 of the PMLA Act, 2002 and raise contentions that the subject property is not subject matter of any money laundering activities and was purchased much before the allegations were raised. Petition disposed off.
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