https://www.taxtmi.com/caselaws?id=444599 The court quashed the complaint filed by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002 (PMLA), following the settlement and quashing of the FIR for predicate offenses. The court determined that since the FIR had been quashed and attained finality, the PMLA complaint could not be maintained. This decision aligned with previous judgments by the SC and various HCs, establishing that PMLA proceedings cannot survive if the FIR for predicate offenses is quashed or settled. Consequently, the petition was allowed, and all related proceedings, including the Look Out Circular, were quashed. en-us Wed, 11 Oct 2023 00:00:00 +0530 Wed, 18 Oct 2023 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444599 The court quashed the complaint filed by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002 (PMLA), following the settlement and quashing of the FIR for predicate offenses. The court determined that since the FIR had been quashed and attained finality, the PMLA complaint could not be maintained. This decision aligned with previous judgments by the SC and various HCs, establishing that PMLA proceedings cannot survive if the FIR for predicate offenses is quashed or settled. Consequently, the petition was allowed, and all related proceedings, including the Look Out Circular, were quashed. Case-Laws Money Laundering Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444599