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of <h1>Court Upholds Validity of Section 19(1) PMLA, Reserves Order on Quashing Remand Orders</h1> <h3>Pankaj Bansal Versus Union of India and others</h3> Pankaj Bansal Versus Union of India and others - TMI Issues Involved:The petitioners challenged the vires of Section 19 (1) of the Prevention of Money Laundering Act, 2002 and sought to quash the orders remanding them to custody and requested interim bail.Challenge to Vires of Section 19 (1) of PMLA:The petitioners challenged the vires of Section 19 (1) of the PMLA and also sought to quash the orders remanding them to the custody of the Enforcement Directorate and judicial custody. The respondents argued that the vires of this section had already been upheld by the Supreme Court in a previous case. The petitioners mentioned a pending review petition against the Supreme Court's judgment. The Court noted the Supreme Court's observation upholding the vires of Section 19 and stated that the precedential value of the judgment would not be diminished by a pending review petition. Consequently, the petitioners' challenge to the constitutional validity of Section 19 was rejected.Quashing of Remand Orders and Interim Bail:The petitioners further sought to quash the orders remanding them to custody and requested interim bail. The Court heard arguments on this matter and reserved the order.Conclusion:The Court rejected the petitioners' challenge to the vires of Section 19 (1) of the PMLA due to the Supreme Court's previous ruling upholding its validity. The Court also reserved the order on the petitioners' request to quash the remand orders and grant interim bail.
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