JUDGEMENT OF THE HON’BLE HIGH COURT OF DELHI IN THE CASE TITLED “ABDULLAH ALI BALSHARAF & ANR VS. DIRECTORATE OF ENFORCEMENT & ORS, (2019) 01 DEL CK 0039” CONCERNING OFFENCES UNDER PREVENTION OF MONEY LAUNDERING ACT
Abdullah Ali Balsharaf & Anr vs. Directorate Of Enforcement & Ors, (2019) 01 DEL CK 0039 PARA NO. 52,64,67 & 68 52. It is also relevant to note that in either case – the order of provisional attachment of any property under section 5(1) of the PMLA or an order of seizure of any property – has a limited life. The order of provisional attachment cannot extend beyond the period of one hundred and eighty days. Further, in terms of Section 5(5) of the PMLA, a Director or any officer who provisionally attaches a property is required to make a complaint to the Adjudicating Authority within a period of thirty days from such attachment. Similarly, where an order of seizure of property or freezing any property has been passed under Section 17(1) or Section 17(1A) of the PMLA, the concerned officer is required to make an application in terms of Section 17(4) of the PMLA, before the Adjudicating Authority for extending the time for retention of the property so ...