Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Broker trading-system "technical glitch" redefinition and narrowed incident-reporting regime for large IBT/STWT brokers requiring 2-hr notice and 14-w...
Lawfulness of arrests under the PMLA was contested on whether the authorised officer considered exculpatory material, had reasonable 'reasons to believe', and complied with procedural safeguards. The court held that the officer's recorded material and nexus to conclusions met review standards and did not breach Wednesbury reasonableness; interim stay of magistrate order or subsequent settlements not cancelling FIRs did not automatically invalidate investigation or prior arrest. Judicial review under constitutional writ jurisdiction was limited to legality and procedure, not merits, and the petitions were dismissed for lack of merit.
Lawfulness of arrests under the PMLA was contested on whether the authorised officer considered exculpatory material, had reasonable 'reasons to believe', and complied with procedural safeguards. The court held that the officer's recorded material and nexus to conclusions met review standards and did not breach Wednesbury reasonableness; interim stay of magistrate order or subsequent settlements not cancelling FIRs did not automatically invalidate investigation or prior arrest. Judicial review under constitutional writ jurisdiction was limited to legality and procedure, not merits, and the petitions were dismissed for lack of merit.
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