https://www.taxtmi.com/caselaws?id=303630 Proceedings under the Prevention of Money Laundering Act follow a special statutory scheme for investigation and cognizance, and the Code's requirement of a police report under Section 173(2) does not apply. Because cognizance under the Act is taken on a complaint by the authorised authority and the Act operates with overriding effect, the petitioner could not claim default bail under Section 167(2) of the Code on the footing that no police report was filed within 60 days. The authorised authority had in any event filed the complaint within the period relied upon. Default bail was therefore not available. en-us Fri, 26 Mar 2010 00:00:00 +0530 Tue, 02 Aug 2022 17:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303630 Proceedings under the Prevention of Money Laundering Act follow a special statutory scheme for investigation and cognizance, and the Code's requirement of a police report under Section 173(2) does not apply. Because cognizance under the Act is taken on a complaint by the authorised authority and the Act operates with overriding effect, the petitioner could not claim default bail under Section 167(2) of the Code on the footing that no police report was filed within 60 days. The authorised authority had in any event filed the complaint within the period relied upon. Default bail was therefore not available. Case-Laws Money Laundering Fri, 26 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303630