Appeal under Section 26 of the Prevention of Money Laundering Act, 2002 lies to which authority?
PMLA s.26 provides that the Director, a person aggrieved by the Adjudicating Authority's order, or a reporting entity aggrieved by the Director's order under s.13(2) "may…
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Appeal under Section 26 of the Prevention of Money Laundering Act, 2002 lies to which authority?
Answer and explanation
Correct answer C
PMLA s.26 provides that the Director, a person aggrieved by the Adjudicating Authority's order, or a reporting entity aggrieved by the Director's order under s.13(2) "may prefer an appeal to the Appellate Tribunal". The High Court's jurisdiction under s.42 arises only against the Tribunal's own decisions.