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...
HC, exercising jurisdiction under PMLA, upheld the legality of the petitioner's arrest under s.19, noting proper recording and communication of "reasons to believe" and service of written grounds of arrest, duly acknowledged by the petitioner. On culpability, HC found prima facie material in the prosecution complaint and statements recorded under s.50 indicating that the petitioner directly participated in money laundering activities involving use, acquisition, possession, concealment and projection of proceeds of crime as untainted. Applying ss.19, 45(1) and 45(2), HC held the stringent twin conditions for bail were not satisfied, given the gravity of the economic offence, sophisticated modus operandi, and substantial loss to the exchequer. Finding no exceptional circumstances, HC dismissed the bail application.
HC, exercising jurisdiction under PMLA, upheld the legality of the petitioner's arrest under s.19, noting proper recording and communication of "reasons to believe" and service of written grounds of arrest, duly acknowledged by the petitioner. On culpability, HC found prima facie material in the prosecution complaint and statements recorded under s.50 indicating that the petitioner directly participated in money laundering activities involving use, acquisition, possession, concealment and projection of proceeds of crime as untainted. Applying ss.19, 45(1) and 45(2), HC held the stringent twin conditions for bail were not satisfied, given the gravity of the economic offence, sophisticated modus operandi, and substantial loss to the exchequer. Finding no exceptional circumstances, HC dismissed the bail application.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
