Section 41 of the Prevention of Money Laundering Act, 2002 ensures that disputes under PMLA are…
By ousting civil courts from matters that "the Director, an Adjudicating Authority or the Appellate Tribunal is empowered by or under this Act to determine", PMLA s.41…
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Section 41 of the Prevention of Money Laundering Act, 2002 ensures that disputes under PMLA are resolved through:
Answer and explanation
Correct answer B
By ousting civil courts from matters that "the Director, an Adjudicating Authority or the Appellate Tribunal is empowered by or under this Act to determine", PMLA s.41 channels such disputes to the Act's own authorities and Tribunal. Arbitration and Lok Adalats have no place in this scheme.