https://www.taxtmi.com/caselaws?id=301683 The Supreme Court set aside the High Court's judgment granting bail to the respondents under the Prevention of Money Laundering Act due to the failure to consider statutory restrictions on bail. The respondents were granted extended protection for two weeks. The Supreme Court directed the parties to return to the High Court for reconsideration, emphasizing a fresh evaluation based on merits and law. The issue of respondents' cooperation during investigation was highlighted for the High Court to address. All contentions were left open for the High Court's consideration, with a scheduled hearing for the bail application reconsideration. en-us Mon, 22 Nov 2021 00:00:00 +0530 Wed, 12 Feb 2025 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301683 The Supreme Court set aside the High Court's judgment granting bail to the respondents under the Prevention of Money Laundering Act due to the failure to consider statutory restrictions on bail. The respondents were granted extended protection for two weeks. The Supreme Court directed the parties to return to the High Court for reconsideration, emphasizing a fresh evaluation based on merits and law. The issue of respondents' cooperation during investigation was highlighted for the High Court to address. All contentions were left open for the High Court's consideration, with a scheduled hearing for the bail application reconsideration. Case-Laws Money Laundering Mon, 22 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301683