Confirmation of Attachment Under PMLA Doesn't Authorize Property Retention, Valid Order Required: Delhi High Court

In a significant ruling interpreting the Prevention of Money Laundering Act, 2002, the Delhi High Court has held that the confirmation of attachment of property under Section 8(3) does not authorize retention of such property unless a valid order under Section 20 has been passed. This decision strengthens the procedural safeguards embedded in the PMLA and ensures the protection of constitutional rights against arbitrary retention of property. Court emphasizes procedural…