2025 (8) TMI 13 - SCH - Money Laundering

SC upholds HC ruling, dismisses petitions challenging ECIR registration and summons under Section 50 PMLA

DIRECTORATE OF ENFORCEMENT Versus PARVATHI

The SC dismissed the special leave petitions challenging the registration of the ECIR and issuance of summons under Section 50 of PMLA. The HC had held ... Money Laundering - allotment of sites - proceeds of crime - challenge to registration of Enforcement Case Information Report (ECIR) against the petitioner arising out of predicate offence and consequent act of issuance of summons under Section 50 of PMLA - Whether the petitioner should be permitted to be investigated into on the impugned ECIR? - it was held by High Court that 'this Court is of the considered view that the petitioner cannot be permitted to be prosecuted for offences under the provisions of Money Laundering Act through the impugned ECIR. However, the findings rendered herein are for the purpose of consideration of the case qua the impugned ECIR. This would not become applicable to proceedings in Crime No. 11 of 2024.' HELD THAT:- There are no error with the reasoning given by the learned Single Judge of the High Court in these cases. The special leave petitions are, accordingly, dismissed. Summary: The Court 'Delay condoned.' On review, the Court found, in the peculiar facts and circumstances of the cases, that there was 'no error with the reasoning given by the learned Single Judge of the High Court in these cases.' Consequently, 'The special leave petitions are, accordingly, dismissed.' All pending applications, if any, are directed to 'stand disposed of.' The decision affirms the High Court's reasoning and refuses exceptional relief by way of special leave, concluding the matter without further remand or modification.