https://www.taxtmi.com/caselaws?id=418875 Interim protection in proceedings challenging an ECIR and consequential PMLA action is confined to exceptional cases, particularly at the interlocutory stage. The Court reiterated that economic offences are serious, that PMLA proceedings operate under a special statutory scheme, and that the statutory burden regarding the proceeds of crime lies against the accused. Alleged exoneration in other proceedings, by itself, was not enough to justify staying PMLA action at the initial stage. Interim relief was declined and the proceedings were not stayed. en-us Wed, 23 Feb 2022 00:00:00 +0530 Sat, 26 Feb 2022 05:59:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418875 Interim protection in proceedings challenging an ECIR and consequential PMLA action is confined to exceptional cases, particularly at the interlocutory stage. The Court reiterated that economic offences are serious, that PMLA proceedings operate under a special statutory scheme, and that the statutory burden regarding the proceeds of crime lies against the accused. Alleged exoneration in other proceedings, by itself, was not enough to justify staying PMLA action at the initial stage. Interim relief was declined and the proceedings were not stayed. Case-Laws Money Laundering Wed, 23 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418875