2022 (12) TMI 1 - SC - Money Laundering

Seeking grant of bail - money laundering - proceeds of crime - twin conditions under Section 45 of the PMLA - HELD THAT - Since the observations in the impugned order of the High Court are confined to the question as to whether the respondent was entitled to the grant of bail, we clarify that these observations shall be construed only for that purpose. In other words, the observations shall not affect the merits of the trial or be pressed in any other collateral proceedings. SLP dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition against the grant of bail by the High Court to the first respondent. The observations in the High Court's order regarding bail are limited to that purpose and should not impact the trial's merits or other proceedings. The Special Leave Petition was accordingly dismissed, and any pending applications were disposed of.