PMLA Case: Delhi High Court Advises Beneficial Property Interest Claimants to Approach Appellate Tribunal

J.C. Flowers Asset Reconstruction Private Limited, Acting as Trustee of JCF YES Trust – 2022-23/14 Vs Directorate of Enforcement (Delhi High Court) The Delhi High Court recently heard a case involving J.C. Flowers Asset Reconstruction Private Limited, acting as Trustee of JCF YES Trust, and the Directorate of Enforcement. The case centered around the issue of whether the Adjudicating Authority can hear cases under the PMLA Act, 2005, with only one technical member and pass attachment orders. The case also considered the question of beneficial interest in a property. Analysis: The present...