Property Seized by ED Must be Returned if PMLA Investigation Exceeds 365 Days: Delhi HC [Read Order]

The Delhi HC observed that the property seized by the ED must be returned if the investigation conducted under the PMLA exceeds 365 days
By Kalyani B. Nair - On February 8, 2024 3:22 pm - 2 mins read
Delhi High Court - ED - Property Seized by ED - PMLA - PMLA Investigation - Enforcement Directorate - TAXSCAN

In a recent decision, the Delhi High Court observed that the property seized by the Enforcement Directorate ( ED ) must be returned if the investigation conducted under the Prevention of Money Laundering Act, 2002 ( PMLA ) exceeds 365 days. It was alleged that the Central Bureau of Investigation, against BPSL, its Directors, and…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader