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HC: PMLA overrides debt recovery laws for attachment of proceeds of crime`

The court set aside previous orders of the PMLA Appellate Tribunal, which had favoured banks rights to recover debts from attached properties. The HC bench observed that debt recovery laws like SARFAESI and RDB would not render PMLA subservient to them due to the distinct objects and purposes of the two enactments

30 Mar 2026 7:16 pm