https://www.taxtmi.com/caselaws?id=282769 The Court held that the penal provisions of the Prevention of Money Laundering Act, 2002 cannot be applied retrospectively. As the accused's actions occurred before the Act's enforcement, and there was no indication of retrospective application, the accused was discharged from the offence under Section 3 of the Act. The Court allowed the revision, set aside the dismissal of the discharge application, and discharged the accused, canceling his bail bonds unless required for any other offence. en-us Tue, 14 Mar 2017 00:00:00 +0530 Thu, 22 Aug 2019 20:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282769 The Court held that the penal provisions of the Prevention of Money Laundering Act, 2002 cannot be applied retrospectively. As the accused's actions occurred before the Act's enforcement, and there was no indication of retrospective application, the accused was discharged from the offence under Section 3 of the Act. The Court allowed the revision, set aside the dismissal of the discharge application, and discharged the accused, canceling his bail bonds unless required for any other offence. Case-Laws Money Laundering Tue, 14 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282769