<h1>JSW money-laundering probe over Rs 33.80 crore disputed payment proceeds; investigation and appeals may continue.</h1> Refusal to stay ED proceedings under the PMLA where the key issue is whether Rs 33.80 crore - unpaid consideration for iron ore - constitutes proceeds of crime. Payments were made through regular banking channels and reflected in accounts; the court declined to quash cognisance or interdict proceedings and directed that statutory appeals be pursued before the Appellate Tribunal, which will determine whether the attached property falls within Section 2(1)(u) PMLA and whether withdrawals violated law.