https://www.taxtmi.com/caselaws?id=406147 The court quashed the proceedings in C.C.No.60 of 2018 against Padmanabhan Kishore (A2) after finding that the prosecution under the Prevention of Money Laundering Act was misconceived. The court held that since the money seized by the CBI did not become proceeds of a crime as it was seized before being projected as untainted, the application of the PML Act was not justified. As a result, the writ petition was allowed, and no costs were awarded. en-us Mon, 01 Mar 2021 00:00:00 +0530 Wed, 07 Apr 2021 09:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406147 The court quashed the proceedings in C.C.No.60 of 2018 against Padmanabhan Kishore (A2) after finding that the prosecution under the Prevention of Money Laundering Act was misconceived. The court held that since the money seized by the CBI did not become proceeds of a crime as it was seized before being projected as untainted, the application of the PML Act was not justified. As a result, the writ petition was allowed, and no costs were awarded. Case-Laws Money Laundering Mon, 01 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406147