Interim stay on PMLA prosecution granted where petitioner claimed no role in the predicate offence.

A petitioner facing proceedings under the Prevention of Money-Laundering Act sought protection on the basis that he was not named in the predicate offence under the Indian Penal Code. The SC granted notice and ordered that further proceedings, including prosecution against the petitioner, would remain stayed until further orders. The operative effect was interim protection from continuation of the PMLA proceedings pending the Court's further consideration.

---

---

Issues: Whether further proceedings including prosecution against the petitioner under the Prevention of Money-Laundering Act, 2002 should remain stayed pending further orders.

Analysis: The petitioner stated that he was not accused in the predicate offence registered under the Indian Penal Code, 1860, and on that basis sought protection against prosecution under the Prevention of Money-Laundering Act, 2002. The Court granted notice and protected the petitioner by directing that further proceedings, including prosecution qua the petitioner, would remain stayed until further orders.

Conclusion: Interim protection was granted and the proceedings against the petitioner were stayed until further orders.

---