https://www.taxtmi.com/caselaws?id=449621 Section 19 of the Prevention of Money-Laundering Act, 2002 was treated as mandatory, and the Court held that the remand court had to independently verify compliance with recorded reasons to believe, prompt forwarding of arrest material, and production within 24 hours. The remand orders were held illegal for non-application of mind because they did not reflect satisfaction on these statutory safeguards. Prolonged restraint of the petitioners during the search was also treated as arrest, and failure to produce them before the competent court within 24 hours vitiated the custody. Non-forwarding of the arrest material immediately, and absence of duly recorded reasons based on material in possession, further rendered the arrest and consequential custody orders illegal. en-us Thu, 08 Feb 2024 00:00:00 +0530 Thu, 15 Feb 2024 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449621 Section 19 of the Prevention of Money-Laundering Act, 2002 was treated as mandatory, and the Court held that the remand court had to independently verify compliance with recorded reasons to believe, prompt forwarding of arrest material, and production within 24 hours. The remand orders were held illegal for non-application of mind because they did not reflect satisfaction on these statutory safeguards. Prolonged restraint of the petitioners during the search was also treated as arrest, and failure to produce them before the competent court within 24 hours vitiated the custody. Non-forwarding of the arrest material immediately, and absence of duly recorded reasons based on material in possession, further rendered the arrest and consequential custody orders illegal. Case-Laws Money Laundering Thu, 08 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449621