https://www.taxtmi.com/caselaws?id=750640 Territorial maintainability was treated as distinct where the arrest and remand occurred within the High Court's jurisdiction, despite parallel PMLA-related proceedings elsewhere. A stay of investigation into the predicate offence was considered, prima facie, to eclipse the jurisdictional basis for further coercive action under the Prevention of Money Laundering Act until the stay ceased. Although grounds of arrest had been supplied, the remand order did not show consideration of statutory arrest safeguards or recorded satisfaction regarding compliance. The remand was therefore considered mechanical, disclosing a prima facie case of non-compliance and non-application of mind. Interim release was justified subject to conditions pending final adjudication. en-us Fri, 15 Mar 2024 00:00:00 +0530 Tue, 26 Mar 2024 19:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750640 Territorial maintainability was treated as distinct where the arrest and remand occurred within the High Court's jurisdiction, despite parallel PMLA-related proceedings elsewhere. A stay of investigation into the predicate offence was considered, prima facie, to eclipse the jurisdictional basis for further coercive action under the Prevention of Money Laundering Act until the stay ceased. Although grounds of arrest had been supplied, the remand order did not show consideration of statutory arrest safeguards or recorded satisfaction regarding compliance. The remand was therefore considered mechanical, disclosing a prima facie case of non-compliance and non-application of mind. Interim release was justified subject to conditions pending final adjudication. Case-Laws Money Laundering Fri, 15 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750640