2022 (3) TMI 233 - SCH - Money Laundering

Principles of natural justice - constitutional validity of section 45 of PMLA not dealt with - HELD THAT - The High Court has not dealt with the mandatory twin requirements but has granted indulgence to the respondent(s) on extraneous consideration. However in the peculiar facts of the present case as the respondent(s) are reportedly senior citizen(s) and had cooperated during the investigation as noted by the High Court these special leave petitions need not be interfered - SLP disposed off.

Summary

The Supreme Court agreed with the petitioner's grievance that the High Court did not address mandatory requirements and granted indulgence to the respondent(s) based on extraneous considerations. However, due to the respondent(s) being senior citizens who cooperated during the investigation, the Court declined to interfere in the case, leaving the question of law open. The impugned order will not set a precedent for other cases. The special leave petitions were disposed of, and any pending applications were also disposed of.