SC upholds HC ruling, dismisses petitions challenging ECIR registration and summons under Section 50 PMLA 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 ...
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SC upholds HC ruling, dismisses petitions challenging ECIR registration and summons under Section 50 PMLA
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 that the petitioner could not be prosecuted under the impugned ECIR for offences under the Money Laundering Act, but this finding was limited to the ECIR and did not affect separate criminal proceedings. The SC found no error in the HC's reasoning and upheld the decision, thereby denying permission for investigation based on the impugned ECIR.
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.
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