https://www.taxtmi.com/caselaws?id=306326 The court dismissed the application seeking to quash the Summoning Order, holding that the applicant could be prosecuted under the Prevention of Money Laundering Act for diverting Public Distribution System food grains to the black market. The court ruled that the offences were punishable under the Act from 01.07.2005, rejecting the argument against retrospective application of the PMLA. Additionally, the court found no legal impediment to proceeding with the PMLA case despite pending appeals and stays in related proceedings. en-us Mon, 23 Jul 2018 00:00:00 +0530 Mon, 23 Jan 2023 11:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306326 The court dismissed the application seeking to quash the Summoning Order, holding that the applicant could be prosecuted under the Prevention of Money Laundering Act for diverting Public Distribution System food grains to the black market. The court ruled that the offences were punishable under the Act from 01.07.2005, rejecting the argument against retrospective application of the PMLA. Additionally, the court found no legal impediment to proceeding with the PMLA case despite pending appeals and stays in related proceedings. Case-Laws Money Laundering Mon, 23 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306326