Properties mortgaged to banks prior to commission of alleged offence u/s 5 of PMLA couldn't be attached

FEMA, BANKING & INSURANCE : Where 'P' Ltd., against which corporate insolvency resolution proceedings had been initiated, acquired certain properties much prior to date of commission of alleged offence under section 5 which were subsequently mortgaged to lender banks, order passed by Adjudicating Authority pertaining to attachment of those properties, was to be set aside

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