PMLA bail under twin conditions failed where the Court could not find reasonable grounds of non-guilt or future compliance.

Regular bail under the Prevention of Money Laundering Act was assessed under Section 45's twin conditions, requiring notice to the prosecution and the Court's satisfaction that there were reasonable grounds to believe the accused was not guilty and would not commit an offence on bail. On the material and the applicant's attributed role, the Court could not reach that satisfaction, so bail was refused. The plea of parity failed because the Section 45 satisfaction must be recorded individually for each accused and cannot be inferred from the treatment of others. Prior proceedings challenging the statutory provisions did not prevent consideration of the bail request, but they did not aid the applicant on merits.

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Issues: Whether the applicant was entitled to regular bail in view of the twin conditions under Section 45 of the Prevention of Money Laundering Act, 2002.

Analysis: The application was governed by the stringent conditions in Section 45 of the Prevention of Money Laundering Act, 2002, requiring both an opportunity to oppose bail and the Court's satisfaction that there were reasonable grounds for believing that the accused was not guilty and was not likely to commit any offence while on bail. The Court held that, on the material placed before it and the role attributed to the applicant in the complaint, it was not in a position to record the required satisfaction that there were reasonable grounds to believe that the applicant was not guilty of the offence charged. The plea of parity was rejected because the necessary satisfaction under Section 45 had to be recorded individually for each accused and could not be inferred merely from the treatment of other accused persons. Earlier proceedings challenging the statutory provisions did not bar consideration of the bail application, but they did not assist the applicant on merits.

Conclusion: The applicant was not entitled to bail and the application was rejected.

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