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IN THE HIGH COURT OF KERALA AT ERNAKULAM
BECHU KURIAN THOMAS, J
TRIVANDRUM APOLLO TOWERS PVT. LTD – Appellant
Versus
UNION OF INDIA MINISTRY OF FINANCE – Respondent
| Table of Content |
|---|
| 1. challenge to freezing orders under pmla. (Para 1 , 2 , 3) |
| 2. bank's refusal to comply with tribunal ruling. (Para 4 , 5) |
| 3. writ petition dismissed as infructuous. (Para 6) |
JUDGMENT
The petitioners had challenged Exts.P4 to P7 orders issued under Section 17 (1A) of the Prevention of Money Laundering Act , 2002 (for short 'PML Act') freezing the bank accounts mentioned in those orders. The said orders related to the bank accounts maintained by the petitioners with respondents 5 to 8.
2. Initially, a learned Single Judge of this Court by an order dated 24.02.2025 declined to stay the impugned orders. The petitioners challenged the aforesaid order refusing to grant the stay, in W.A.No.556 of 2025. By judgment dated 24.03.2025, the Division Bench of this Court relegated the petitioners to the learned Single Judge, primarily to consider the nature of jurisdiction under which the writ petition ought to have been preferred.
3. In the meantime, the competent authority had approached the Adjudicating Authority under Section 8 of the PML Act and the petitioners participated in the said proceedings. However, the Adjudicating Authority confirmed the order freezing the bank ac
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