Attachment of property acquired from proceeds of crime prior to PMLA justified as possession continued after PMLA

Directorate of Enforcement Vs Mahanivesh Oils & Foods Pvt Ltd (Delhi High Court) Delhi High Court held that property acquired from proceeds of crime before Prevention of Money Laundering Act can be attached u/s. 5(1) since possession continued after Prevention of Money Laundering Act came into force. Facts- This Letters Patent Appeal, against judgment dated 25 January 2016 of a learned Single Judge of this Court, involves the interpretation of Section 5(1) of the Prevention of Money Laundering Act, 20022. The neat question that arises for consideration is that if the scheduled offence is ...