https://www.taxtmi.com/caselaws?id=327139 The court upheld the validity of summons issued under Section 50 of the Prevention of Money-Laundering Act (PMLA), ruling that the petitioners, not being accused but suspects, were required to comply with the summons as part of the ongoing investigation process. Additionally, the court dismissed the challenge against penal proceedings initiated under Section 63(4) of PMLA for non-compliance with the summons, emphasizing that the petitioners' claims of self-incrimination and the need to read down Section 50 of PMLA were unfounded. en-us Mon, 29 Feb 2016 00:00:00 +0530 Fri, 25 Nov 2016 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327139 The court upheld the validity of summons issued under Section 50 of the Prevention of Money-Laundering Act (PMLA), ruling that the petitioners, not being accused but suspects, were required to comply with the summons as part of the ongoing investigation process. Additionally, the court dismissed the challenge against penal proceedings initiated under Section 63(4) of PMLA for non-compliance with the summons, emphasizing that the petitioners' claims of self-incrimination and the need to read down Section 50 of PMLA were unfounded. Case-Laws Money Laundering Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327139