https://www.taxtmi.com/caselaws?id=314025 The SC disposed of the petition, directing all 136 claimants to file affidavits at the HC agreeing to quash criminal proceedings against the petitioner. The HC will quash proceedings upon receipt of affidavits. The petitioner, released on bail after depositing Rs. 75 crores and a Rs. 10 crore bank guarantee, will oversee disbursement to ensure genuine claimants receive payments. The HC mandated the continuation of the investigation and ordered the disbursement of funds to claimants, contingent upon affidavit submission. en-us Fri, 22 Sep 2017 00:00:00 +0530 Mon, 13 May 2024 21:31:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314025 The SC disposed of the petition, directing all 136 claimants to file affidavits at the HC agreeing to quash criminal proceedings against the petitioner. The HC will quash proceedings upon receipt of affidavits. The petitioner, released on bail after depositing Rs. 75 crores and a Rs. 10 crore bank guarantee, will oversee disbursement to ensure genuine claimants receive payments. The HC mandated the continuation of the investigation and ordered the disbursement of funds to claimants, contingent upon affidavit submission. Case-Laws Money Laundering Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314025