https://www.taxtmi.com/caselaws?id=445372 Section 50 of the Prevention of Money Laundering Act authorises summons to any person whose attendance or documents are needed for investigation, including persons not yet accused. The Delhi HC held that a challenge to such summons was premature where the petitioner was only asked to join inquiry and produce records, so the summons and consequential investigation were not quashed. It also declined blanket protection from coercive action, noting that summons under Section 50 are distinct from arrest powers under Section 19 and that no concrete ground was shown to quash the ECIR during an ongoing investigation. The writ petition therefore failed. en-us Fri, 03 Nov 2023 00:00:00 +0530 Tue, 07 Nov 2023 08:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445372 Section 50 of the Prevention of Money Laundering Act authorises summons to any person whose attendance or documents are needed for investigation, including persons not yet accused. The Delhi HC held that a challenge to such summons was premature where the petitioner was only asked to join inquiry and produce records, so the summons and consequential investigation were not quashed. It also declined blanket protection from coercive action, noting that summons under Section 50 are distinct from arrest powers under Section 19 and that no concrete ground was shown to quash the ECIR during an ongoing investigation. The writ petition therefore failed. Case-Laws Money Laundering Fri, 03 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445372