2023 (7) TMI 1464 - SCH - Money Laundering

Challenge to proceedings for offences punishable under Sections 45 3 4 and 8(5) of the Prevention of Money Laundering Act 2002 - it was held by High Court that if the proceedings under the PMLA are permitted to be continued qua the petitioners it would become an abuse of the process of law and would result in miscarriage of justice. HELD THAT - It is not required to interfere with the impugned order and therefore the special leave petition is dismissed.

Summary

The Supreme Court dismissed the special leave petition, but clarified that the petitioner can seek revival of proceedings if the appeal in the predicate offence leads to conviction. Delay was condoned and pending applications were disposed of.