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HomeCompany & PMLAPMLA Provisional Attachment Lapses After 180 Days; COVID Limitation Orders Don’t Apply:...

PMLA Provisional Attachment Lapses After 180 Days; COVID Limitation Orders Don’t Apply: Bombay HC

Company & PMLA

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By Mariya Paliwala
PMLA Provisional Attachment Lapses After 180 Days; COVID Limitation Orders Don’t Apply: Bombay HC

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The Bombay High Court has held that a provisional attachment order (PAO) issued under Section 5 of the  Prevention of Money Laundering Act, 2002 (PMLA) automatically ceases to have effect after 180 days, and that the Supreme Court’s COVID-era limitation extensions do not apply to such statutory timelines. The Bench of Justice M.S. Sonak and…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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