Supreme Court ruling: PMLA Act proceedings can continue post-acquittal. Independent cases allowed. The Supreme Court of India held that proceedings under the PMLA Act can continue after an acquittal/discharge in the scheduled offence. It was also ruled ...
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
The Supreme Court of India held that proceedings under the PMLA Act can continue after an acquittal/discharge in the scheduled offence. It was also ruled that independent proceedings can be initiated under the PMLA Act even if one is not an accused in the scheduled offence. The Court condoned the delay and issued notices for further proceedings, instructing the parties to maintain the status quo regarding the properties involved.
The Supreme Court of India considered two questions in the case: 1. Whether proceedings under the PMLA Act would continue after an acquittal/discharge in the scheduled offenceRs. 2. Can independent proceedings be initiated under the PMLA Act even if one is not an accused in the scheduled offenceRs. Delay was condoned, and notice was issued for further proceedings. Parties were instructed to maintain status quo regarding the properties involved.
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