Section 26 of PMLA : Section 26: Appeal To Appellate Tribunal

Explanation using Example

Imagine a business owner, Mr. Sharma, whose assets have been provisionally attached by the Adjudicating Authority under the Prevention of Money-Laundering Act (PMLA) on suspicion of being involved in money laundering. Mr. Sharma believes that the attachment order is unjustified and that his assets are not related to any money laundering activities.

Under Section 26 of the PMLA, Mr. Sharma has the right to appeal against the order of the Adjudicating Authority. He must file his appeal to the Appellate Tribunal within 45 days from the date he received a copy of the attachment order.

Mr. Sharma prepares his appeal, stating his reasons and providing evidence that his assets are legitimate. He pays the prescribed fee and submits his appeal within the stipulated time frame. The Appellate Tribunal reviews his case, gives Mr. Sharma an opportunity to be heard, and decides to overturn the attachment order, finding that there was no sufficient evidence linking his assets to money laundering activities.

The Tribunal sends a copy of their order to Mr. Sharma and the Adjudicating Authority, thus concluding the appeal process as outlined in Section 26 of the PMLA.