2025 (2) TMI 1114 - SCH - Money Laundering

SC Rules Pre-2013 PMLA Provisions Apply; Distinguishes Offences Under Section 2(y); Dismisses Complaint Involving Part B Offences.

The SC clarified that the provisions of the Prevention of Money-Laundering Act, 2002, prior to the 2013 amendment, apply. It examined the definition of ... Money Laundering - scheduled offences in Part B of the Schedule - Section 44 of the PMLA - total value involved in the scheduled offences in the complaint subject matter of this appeal is less than Rs.30,00,000/- - HELD THAT:- The impugned judgment is set aside and the complaint bearing Criminal Miscellaneous Case No.295 of 2021 pending before the Special Court, PMLA at Lucknow, Uttar Pradesh is quashed. Appeal allowed. The Supreme Court, in a case regarding the Prevention of Money-Laundering Act, 2002, clarified that the provisions of the Act before the 2013 amendment apply. The definition of a 'scheduled offence' under Section 2(y) was examined, distinguishing between Part A and Part B offences based on the total value involved. The Court noted that the complaint in question only related to Part B scheduled offences with a total value below Rs.30,00,000. Consequently, the Court set aside the judgment and dismissed the complaint pending before the Special Court, PMLA at Lucknow, Uttar Pradesh, thereby allowing the appeal and disposing of any pending applications.