https://www.taxtmi.com/caselaws?id=432947 The Court quashed the provisional attachment orders issued under the Prevention of Money Laundering Act, as the closure report by the Central Bureau of Investigation resulted in the discharge of the petitioners from predicate offenses. Relying on legal precedents, including the Supreme Court's ruling in Vijay Madanlal Choudhary v. Union of India, the Court held that without pending criminal charges, the attachment orders could not be sustained. The Court emphasized that money laundering offenses are dependent on predicate offenses and, therefore, allowed all petitions, disposing of pending applications without ordering costs. en-us Tue, 10 Jan 2023 00:00:00 +0530 Tue, 17 Jan 2023 21:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432947 The Court quashed the provisional attachment orders issued under the Prevention of Money Laundering Act, as the closure report by the Central Bureau of Investigation resulted in the discharge of the petitioners from predicate offenses. Relying on legal precedents, including the Supreme Court's ruling in Vijay Madanlal Choudhary v. Union of India, the Court held that without pending criminal charges, the attachment orders could not be sustained. The Court emphasized that money laundering offenses are dependent on predicate offenses and, therefore, allowed all petitions, disposing of pending applications without ordering costs. Case-Laws Money Laundering Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432947