https://www.taxtmi.com/caselaws?id=196502 The court allowed the writ petition, ruling that the successor company could not be held liable for the crimes of the previous management. It held that the amended provisions of the Prevention of Money Laundering Act, 2002, could not be applied retrospectively. The court quashed the complaint against the petitioner company and the cognizance taken by the Special Court, emphasizing that its decision did not impact proceedings against other accused individuals. en-us Mon, 22 Dec 2014 00:00:00 +0530 Sun, 03 Dec 2017 10:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196502 The court allowed the writ petition, ruling that the successor company could not be held liable for the crimes of the previous management. It held that the amended provisions of the Prevention of Money Laundering Act, 2002, could not be applied retrospectively. The court quashed the complaint against the petitioner company and the cognizance taken by the Special Court, emphasizing that its decision did not impact proceedings against other accused individuals. Case-Laws Money Laundering Mon, 22 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196502