High Court defers final order in PMLA case, directs continuation of proceedings. Alleged offense not Schedule Offense.

The High Court of Delhi directed the Adjudicating Authority to continue proceedings but deferred passing a final order on the petitioner's case until the next hearing. The petitioner's counsel contended that the alleged offense did not qualify as a Schedule Offense under the Prevention of Money Laundering Act, 2002. The respondent's counsel highlighted that the petitioner could pursue alternative remedies by raising objections before the Adjudicating Authority.

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The High Court of Delhi issued an order for the Adjudicating Authority to proceed with proceedings but not pass a final order regarding a petitioner until the next hearing on 13th February 2020. The petitioner's counsel argued that the alleged offence was not a Schedule Offence under the Prevention of Money Laundering Act, 2002. The respondent's counsel mentioned that the petitioner has an alternate remedy through objections before the Adjudicating Authority.

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