https://www.taxtmi.com/caselaws?id=443040 The court confirmed the interim anticipatory bail granted to the applicants in a case involving allegations of illegal diversion and sale of coal, where the accused companies received coal for manufacturing but sold it in the black market. The court discussed the application of Section 45 of the Prevention of Money Laundering Act (PMLA) regarding bail, noting a misplacement of provisions and harmonizing relevant sections to uphold the High Court's special powers in granting bail. Despite delays in lodging complaints and filing charge-sheets, the court considered the applicants' cooperation with the investigation and compliance with bail conditions, maintaining the interim bail orders. en-us Tue, 12 Sep 2023 00:00:00 +0530 Fri, 15 Sep 2023 08:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443040 The court confirmed the interim anticipatory bail granted to the applicants in a case involving allegations of illegal diversion and sale of coal, where the accused companies received coal for manufacturing but sold it in the black market. The court discussed the application of Section 45 of the Prevention of Money Laundering Act (PMLA) regarding bail, noting a misplacement of provisions and harmonizing relevant sections to uphold the High Court's special powers in granting bail. Despite delays in lodging complaints and filing charge-sheets, the court considered the applicants' cooperation with the investigation and compliance with bail conditions, maintaining the interim bail orders. Case-Laws Money Laundering Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443040