https://www.taxtmi.com/caselaws?id=443757 The court ruled in favor of the petitioner, directing the closure of proceedings under the Prevention of Money-Laundering Act (PMLA) following the closure of the predicate offence. The court emphasized that PMLA proceedings cannot continue if the predicate offence has been closed, citing precedents and the principles established in the Vijay Madanlal Choudhary case. The Enforcement Directorate retains the right to revive the PMLA proceedings if further action is taken on the predicate offence, in line with the decision in Emta Coal's case. No costs were awarded in this disposition. en-us Thu, 14 Sep 2023 00:00:00 +0530 Sat, 30 Sep 2023 08:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443757 The court ruled in favor of the petitioner, directing the closure of proceedings under the Prevention of Money-Laundering Act (PMLA) following the closure of the predicate offence. The court emphasized that PMLA proceedings cannot continue if the predicate offence has been closed, citing precedents and the principles established in the Vijay Madanlal Choudhary case. The Enforcement Directorate retains the right to revive the PMLA proceedings if further action is taken on the predicate offence, in line with the decision in Emta Coal's case. No costs were awarded in this disposition. Case-Laws Money Laundering Thu, 14 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443757