NCLT/NCLAT not empowered to deal with matter under PMLA

Kiran Shah Vs Enforcement Directorate (NCLAT Delhi) In so far as anyone aggrieved against any decision or order of the ‘Adjudicating Authority’ of the PMLA, then it is open to him to prefer an Appeal before the Appellate Tribunal, PMLA by resorting to the relevant provision(s) of the ‘Prevention of the Money Laundering Act, 2002’. Moreover, as against any decision or order of the Appellate Tribunal, PMLA, the concerned person/entity may file an ‘Appeal’ to the Hon’ble High Court under Section 42 of the PMLA. There is no two opinion of the fact that the ‘First Appeal’ to the A...