Under the PMLA, once a provisional attachment order is passed, the property remains attached for a period of 180 days, unless the order is confirmed by the Adjudicating Authority (AA).
Section 8 of the PMLA empowers the AA to confirm the provisional attachment order if it finds that the property was part of a money laundering case. If a confirmation order is passed, the subject property remains attached for a period of 365 days.
In Ayyub’s case, the provisional order was issued on February 4 this year. The 180-day period expired on August 2.
Her application to dismiss and discontinue the proceedings, filed the very next day, was dismissed by the authority on August 4 and the proceedings continued.
Source: Barandbench
