https://www.taxtmi.com/caselaws?id=436237 A second petition under Section 482 CrPC was maintainable where the earlier petition had been dismissed during pending investigation and the later petition rested on changed circumstances and a fresh challenge not finally decided earlier; the bar under Section 362 CrPC did not apply, and inherent powers could be exercised to prevent abuse of process and secure justice. The Court also held that an outstanding arising from an MOU and forex fluctuation was an ordinary commercial liability, not property derived from criminal activity relating to a scheduled offence; absent identifiable proceeds of crime, continuation of PMLA proceedings was not justified and the ECIR could not be sustained on those facts. en-us Mon, 03 Apr 2023 00:00:00 +0530 Sat, 08 Apr 2023 08:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436237 A second petition under Section 482 CrPC was maintainable where the earlier petition had been dismissed during pending investigation and the later petition rested on changed circumstances and a fresh challenge not finally decided earlier; the bar under Section 362 CrPC did not apply, and inherent powers could be exercised to prevent abuse of process and secure justice. The Court also held that an outstanding arising from an MOU and forex fluctuation was an ordinary commercial liability, not property derived from criminal activity relating to a scheduled offence; absent identifiable proceeds of crime, continuation of PMLA proceedings was not justified and the ECIR could not be sustained on those facts. Case-Laws Money Laundering Mon, 03 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436237