Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
HC granted bail in money laundering case involving corporate resolution plan. Court found insufficient evidence to deny bail, noting: (1) applicant not named in original charge sheet, (2) predicate offence not conclusively established, (3) main alleged beneficiary remains unarrested, and (4) co-accused with similar alleged role already granted bail. Court emphasized bail as default principle and ordered release upon furnishing personal bond of Rs. 1 lakh with two similar sureties, subject to standard bail conditions. The bail order underscores procedural fairness and requirement of substantive evidence in economic offence proceedings under PMLA.
HC granted bail in money laundering case involving corporate resolution plan. Court found insufficient evidence to deny bail, noting: (1) applicant not named in original charge sheet, (2) predicate offence not conclusively established, (3) main alleged beneficiary remains unarrested, and (4) co-accused with similar alleged role already granted bail. Court emphasized bail as default principle and ordered release upon furnishing personal bond of Rs. 1 lakh with two similar sureties, subject to standard bail conditions. The bail order underscores procedural fairness and requirement of substantive evidence in economic offence proceedings under PMLA.
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