Provisional attachment was to be set aside when creditor initiated recovery proceeding under SARFAESI Act

PMLA: Where properties were charged/mortgaged/hypothecated in favour of appellant bank as a security for loan taken and on loan account becoming NPA, bank as secured creditor had initiated recovery proceedings under SARFAESI Act and RDDBFI Act, Provisional Attachment order under PMLA Act qua such charged properties was to be set aside

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