https://www.taxtmi.com/caselaws?id=406163 The court granted bail to the applicant in a case involving offences under the Prevention of Money Laundering Act. The court considered factors such as repayment of loans, cooperation with the investigation, and lack of necessity for further detention. Conditions imposed included surrendering the passport, reporting to the Enforcement Directorate, and not tampering with evidence. The court clarified that the twin conditions under Section 45 of the PMLA were not revived by an amendment and that the applicant had provided satisfactory explanations for the transactions. en-us Thu, 25 Mar 2021 00:00:00 +0530 Sat, 01 May 2021 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406163 The court granted bail to the applicant in a case involving offences under the Prevention of Money Laundering Act. The court considered factors such as repayment of loans, cooperation with the investigation, and lack of necessity for further detention. Conditions imposed included surrendering the passport, reporting to the Enforcement Directorate, and not tampering with evidence. The court clarified that the twin conditions under Section 45 of the PMLA were not revived by an amendment and that the applicant had provided satisfactory explanations for the transactions. Case-Laws Money Laundering Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406163