https://www.taxtmi.com/caselaws?id=433528 Under Section 45 of the Prevention of Money Laundering Act, the Court applied the twin bail conditions requiring reasonable grounds to believe that the accused is not guilty and is not likely to reoffend while on bail. It noted that the petitioner had been acquitted in the predicate offence and that the appellate court had directed restoration of the seized property, with no indication that those orders had been set aside or varied. On that material, the Court found prima facie satisfaction of the statutory requirements and granted bail. en-us Fri, 27 Jan 2023 00:00:00 +0530 Wed, 01 Feb 2023 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433528 Under Section 45 of the Prevention of Money Laundering Act, the Court applied the twin bail conditions requiring reasonable grounds to believe that the accused is not guilty and is not likely to reoffend while on bail. It noted that the petitioner had been acquitted in the predicate offence and that the appellate court had directed restoration of the seized property, with no indication that those orders had been set aside or varied. On that material, the Court found prima facie satisfaction of the statutory requirements and granted bail. Case-Laws Money Laundering Fri, 27 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433528