https://www.taxtmi.com/caselaws?id=293887 Bail in a prosecution under the Prevention of Money Laundering Act was considered appropriate where the petitioner had spent over five months in custody, the complaint had already been filed, and the trial was likely to take time. The petitioner was not an accused in the predicate offence, and the Court declined to examine the merits of the allegations at the bail stage. It also noted the effect of the later understanding that the twin conditions under Section 45(1) could not be applied as earlier understood. Bail was granted subject to protective conditions, including surety, surrender of passport, travel restraint, disclosure of contact details, and notice of any change of address. en-us Fri, 15 Dec 2017 00:00:00 +0530 Sun, 07 Mar 2021 10:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293887 Bail in a prosecution under the Prevention of Money Laundering Act was considered appropriate where the petitioner had spent over five months in custody, the complaint had already been filed, and the trial was likely to take time. The petitioner was not an accused in the predicate offence, and the Court declined to examine the merits of the allegations at the bail stage. It also noted the effect of the later understanding that the twin conditions under Section 45(1) could not be applied as earlier understood. Bail was granted subject to protective conditions, including surety, surrender of passport, travel restraint, disclosure of contact details, and notice of any change of address. Case-Laws Money Laundering Fri, 15 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293887