Bombay High Court Allows Appeal Against Rejection of Objection to Attachment Under MPID Act — Property Belonging to Appellants Not Proceeds of Crime. The court held that the appellants, as bona fide purchasers, are entitled to release of attachment under Section 7(3) of the MPID Act as the property was purchased prior to the alleged deposit scheme.
6 Mar 2020The case involves an appeal under Section 11 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 (MPID Act...




