2023 (9) TMI 188 - SCH - Money Laundering

Provisional Attachment Order - scheduled offences or not - the proceedings against the Petitioner, its directors, and shareholders in the scheduled offense as also the offense under the PMLA have been closed - it was held by High Court that The PAO deserves to be quashed in view of the legal position as held in the above judgments. HELD THAT - There are no reason to interfere with the impugned judgment/order and hence, the special leave petition is dismissed.

Summary

The Supreme Court dismissed the special leave petition, clarifying that the petitioner can seek revival of proceedings if the appeal against discharge in the predicate offence is allowed. Delay was condoned and pending applications were disposed of.