https://www.taxtmi.com/caselaws?id=310337 Interim protection under the Prevention of Money Laundering Act, 2002 was considered where the petitioner was not named as an accused in the scheduled offence and the arrest grounds suggested a different version of involvement. Applying the principle that an offence under Section 3 depends on criminal activity relating to a scheduled offence and illegal gain of property derived from it, the Court found no objective basis at that stage to proceed against the petitioner in the absence of a registered predicate offence against him. Interim stay of further proceedings in the ECIR was therefore granted insofar as the petitioner was concerned. en-us Thu, 13 Apr 2023 00:00:00 +0530 Wed, 18 Oct 2023 20:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310337 Interim protection under the Prevention of Money Laundering Act, 2002 was considered where the petitioner was not named as an accused in the scheduled offence and the arrest grounds suggested a different version of involvement. Applying the principle that an offence under Section 3 depends on criminal activity relating to a scheduled offence and illegal gain of property derived from it, the Court found no objective basis at that stage to proceed against the petitioner in the absence of a registered predicate offence against him. Interim stay of further proceedings in the ECIR was therefore granted insofar as the petitioner was concerned. Case-Laws Money Laundering Thu, 13 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310337