Parinam advised and represented various clients in proceedings initiated against them before the Adjudicating Authority constituted under the Prevention of Money Laundering Act. Parinam was successful in obtaining interim reliefs before the Hon’ble Bombay High Court on the ground that the notices issued to its clients under Section 8 of the Prevention of Money Laundering Act, were issued by a technical member as opposed to a judicial member. The issue as to whether a technical member can issue a notice under Section 8 of the Prevention of Money Laundering Act is presently pending before the Supreme Court.
