PMLA: Provisional Attachment quashed as No direct Nexus established between properties forfeited & Income

HDFC Bank Limited Vs Government of India (Patna High Court) In the case on hand what is noticeable that the statutory authority under Section 5 of the P.M.L.A., 2002 has not acted in accordance with the provisions of the enactment in question rather acted in defiance of the fundamental principles of judicial procedure and in total violation of the principles of natural justice. Identical provision of seizure or freezing of illegally acquired property under Chapter V-A of the N.D.P.S.Act, 1985 was under consideration before the Hon’ble Apex Court in Aslam Mohammad Merchant Vs. Competent Autho...