De-freezing of bank account not permitted as would risk undermining objectives of PMLA

Nimrita Parvinder Singh Vs Directorate of Enforcement (Delhi High Court) Delhi High Court held that application for de-freezing bank account frozen under the Prevention of Money Laundering Act, 2002 [PMLA] cannot be permitted since the same would risk directly undermining the objectives and framework of the PMLA. Facts- The present applications are preferred under Section 151 of the Code of Civil Procedure, 1908, by the Appellants/Applicants, seeking directions in view of the continued freezing of their movable assets and bank accounts pursuant to proceedings initiated under the Prevention of ...