https://www.taxtmi.com/caselaws?id=306299 The Supreme Court allowed the petition, quashing the proceedings under the Prevention of Money-laundering Act, 2002. The petitioners were discharged from the scheduled offence by the High Court of Orissa, and as per the law, no prosecution for money-laundering can be initiated against them. The prosecuting agency did not challenge the discharge order, and the petitioners remain discharged with no legal basis for continuing the prosecution under PMLA. The judgment reserves the right for respondents to seek revival of proceedings if the discharge order is annulled or varied with legitimate grounds to proceed under PMLA. en-us Thu, 03 Nov 2022 00:00:00 +0530 Fri, 20 Jan 2023 07:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306299 The Supreme Court allowed the petition, quashing the proceedings under the Prevention of Money-laundering Act, 2002. The petitioners were discharged from the scheduled offence by the High Court of Orissa, and as per the law, no prosecution for money-laundering can be initiated against them. The prosecuting agency did not challenge the discharge order, and the petitioners remain discharged with no legal basis for continuing the prosecution under PMLA. The judgment reserves the right for respondents to seek revival of proceedings if the discharge order is annulled or varied with legitimate grounds to proceed under PMLA. Case-Laws Money Laundering Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306299