TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
Use comma for multiple locations.
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Join Channel
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
Issues: Whether the applicant was entitled to regular bail in a prosecution under the Prevention of Money Laundering Act, 2002 by satisfying the statutory conditions governing bail.
Analysis: The application was considered in the light of Section 45 of the Prevention of Money Laundering Act, 2002, which requires the Court to be satisfied that there are reasonable grounds for believing that the accused is not guilty of the offence and that he is not likely to commit any offence while on bail. The allegations against the applicant were found to be specific and supported by the complaint material and recorded statements. The Court held that, on the material placed before it, the mandatory conditions for grant of bail were not satisfied and it could not record satisfaction that there were reasonable grounds to believe that the applicant was not guilty of the offence alleged under the Act.
Conclusion: The applicant was not entitled to regular bail and the prayer for bail was rejected.
Final Conclusion: Bail was declined in view of the stringent statutory requirements applicable to offences under the Prevention of Money Laundering Act, 2002.
Ratio Decidendi: In a bail application under the Prevention of Money Laundering Act, 2002, release cannot be granted unless the Court is satisfied on the statutory twin conditions under Section 45, namely reasonable grounds to believe that the accused is not guilty and that he is not likely to commit an offence while on bail.
TaxTMI 
