Question
Under the PMLA, the Adjudicating Authority and the
Appellate Tribunal are not bound by the procedure laid down in which code?Solution
Under the Prevention of Money Laundering Act, the Adjudicating Authority and the Appellate Tribunal are not bound by the procedure laid down in the Code of Civil Procedure, but are guided by the principles of natural justice and have the power to regulate their own procedure. They possess certain powers of a civil court for specified purposes. This flexibility allows these bodies to function efficiently while ensuring fairness. The observance of natural justice protects the rights of persons appearing before them.
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