https://www.taxtmi.com/caselaws?id=305670 After cognizance under the Prevention of Money Laundering Act, 2002, the summons was not stayed and the petitioner was directed to appear in response to it. On appearance at the post-cognizance stage, the trial court was required to accept the bail bond and surety bond to its satisfaction under the Code of Criminal Procedure, 1973, without taking the petitioner into custody. Arrest under the Prevention of Money Laundering Act, 2002 did not arise at that stage. The application was rejected in substance, while the court clarified that custody and arrest were not to be resorted to post-cognizance. en-us Wed, 27 Jul 2016 00:00:00 +0530 Mon, 19 Dec 2022 19:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305670 After cognizance under the Prevention of Money Laundering Act, 2002, the summons was not stayed and the petitioner was directed to appear in response to it. On appearance at the post-cognizance stage, the trial court was required to accept the bail bond and surety bond to its satisfaction under the Code of Criminal Procedure, 1973, without taking the petitioner into custody. Arrest under the Prevention of Money Laundering Act, 2002 did not arise at that stage. The application was rejected in substance, while the court clarified that custody and arrest were not to be resorted to post-cognizance. Case-Laws Money Laundering Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305670