2025 (2) TMI 423 - SCH - Money Laundering

Maintainability of proceedings under the Prevention of Money Laundering Act 2002 (PMLA) in the absence of a scheduled offence - applicant s arrest and subsequent detention - lack of necessary sanction and procedural irregularities - it was held by high Court that The prayer for bail made by the applicant under Section 483 of the Bhartiya Nagrik Suraksha Sanhita 2023 (BNSS) read with Section 45 of the PMLA 2002 for the offences under Section 3 4 of the PMLA 2002 deserves to be and is hereby rejected. HELD THAT - There are no ground to interfere with the impugned order passed by the High Court. However liberty is given to the petitioner to move the Trial Court particularly taking note of the subsequent development. SLP disposed off.

Summary

The Supreme Court, in a judgment delivered by Hon'ble Mr. Justice M. M. Sundresh and Hon'ble Mr. Justice Rajesh Bindal, declined to interfere with the impugned order of the High Court. The petitioner was granted liberty to approach the Trial Court considering subsequent developments. The Special Leave Petition was disposed of with the mentioned liberty, and any pending applications were also disposed of.