Seized Cash Can’t Be Held Beyond 180 Days under PMLA Without Due Process

Gurudev Jewellers Vs Deputy Director Directorate of Enforcement (Appellate Tribunal Under Safema At Delhi) Seized Cash Can’t Be Held Beyond 180 Days Without Due Process, Rules Tribunal -ED Faulted for Non-Supply of Key Documents- Retention Order Set Aside – The appeal was filed against the Adjudicating Authority’s order dated 15.04.2024, which had allowed the ED’s application for retention of ₹5,75,930 seized from the premises of M/s Gurudev Jewellers during searches under Section 17 of the Prevention of Money Laundering Act, 2002 (PMLA). The seizure was made during a larger investig...