The Explanation to Section 42 of the Prevention of Money Laundering Act, 2002 applies:
The Explanation to PMLA s.42 has two limbs: clause (i) fixes the High Court for an aggrieved party by its residence or business, and clause (ii) applies "where the Central…
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The Explanation to Section 42 of the Prevention of Money Laundering Act, 2002 applies:
Answer and explanation
Correct answer C
The Explanation to PMLA s.42 has two limbs: clause (i) fixes the High Court for an aggrieved party by its residence or business, and clause (ii) applies "where the Central Government is the aggrieved party", looking to the respondent's residence. It covers individuals and companies alike.