2024 (8) TMI 724 - SCH - Money Laundering

Money Laundering - attachment of the properties of the petitioners - HELD THAT - The order of attachment is not in existence, no purpose will be served by keeping these Petitions pending. The order by which the accused are discharged is subject-matter of challenge in the pending criminal revision petitions before the High Court. If by virtue of the orders which may be passed in the criminal revision petitions, the order of discharge is set aside and the order of attachment is revived, we permit the petitioners to either apply for revival of these Petitions or to challenge the order of attachment substantively. SLP disposed off.

Summary

The Supreme Court disposed of Special Leave Petitions challenging the order of attachment under the Prevention of Money-laundering Act, 2002. The Court allowed petitioners to challenge the order of attachment if revived in pending criminal revision petitions. The Directorate of Enforcement argued that the order of attachment still stands. Another set of petitions by the Directorate of Enforcement regarding the discharge of accused persons was also disposed of as the High Court had not granted a stay. All rights and contentions of the parties were left open in the pending revision petitions.