Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
The HC dismissed the petition for regular bail under the PMLA, holding the arrest valid and detention lawful. The court found prima facie material linking the petitioner to an organised syndicate procuring bogus GST invoices and laundering proceeds through shell entities; statements recorded under Section 50 PMLA and recovery material corroborated involvement. Applying mandatory conditions of Section 45 PMLA and the presumption under Section 24, the HC concluded the petitioner failed to rebut that proceeds of crime were involved and did not establish entitlement to bail. Grant of bail in a predicate offence was held irrelevant; no exceptional circumstances were found to exercise discretionary relief, and custody was accordingly continued.
The HC dismissed the petition for regular bail under the PMLA, holding the arrest valid and detention lawful. The court found prima facie material linking the petitioner to an organised syndicate procuring bogus GST invoices and laundering proceeds through shell entities; statements recorded under Section 50 PMLA and recovery material corroborated involvement. Applying mandatory conditions of Section 45 PMLA and the presumption under Section 24, the HC concluded the petitioner failed to rebut that proceeds of crime were involved and did not establish entitlement to bail. Grant of bail in a predicate offence was held irrelevant; no exceptional circumstances were found to exercise discretionary relief, and custody was accordingly continued.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
