2018 (8) TMI 1891 - HC - Money Laundering

Applicability of provisions of Prevention of Money Laundering Act, 2005 - cases where the scheduled offences have been committed prior to the enactment - HELD THAT - The learned counsel appearing for the respondents accepts notice and seeks time to file a reply - In the meantime, the proceedings before the Adjudicating Authority may continue. However, orders, if any, shall not be implemented. It is clarified that the provisional attachment shall continue to be operative. Issue notice - List on 05.02.2019.

Summary

The High Court of Delhi considered whether the Prevention of Money Laundering Act, 2005 applies to offenses committed before its enactment. The court issued notice and allowed proceedings to continue before the Adjudicating Authority, with provisional attachment remaining in place. Next hearing scheduled for 05.02.2019.