https://www.taxtmi.com/caselaws?id=314052 Regular bail under the Prevention of Money Laundering Act was declined because the statutory twin conditions in Section 45 were not met. The Court found the allegations specific and supported by the complaint material and recorded statements, and on that basis it could not form reasonable grounds to believe that the accused was not guilty or that he was unlikely to commit an offence while on bail. As those mandatory preconditions were unsatisfied, the prayer for regular bail was rejected. en-us Mon, 11 Dec 2023 00:00:00 +0530 Tue, 14 May 2024 19:14:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314052 Regular bail under the Prevention of Money Laundering Act was declined because the statutory twin conditions in Section 45 were not met. The Court found the allegations specific and supported by the complaint material and recorded statements, and on that basis it could not form reasonable grounds to believe that the accused was not guilty or that he was unlikely to commit an offence while on bail. As those mandatory preconditions were unsatisfied, the prayer for regular bail was rejected. Case-Laws Money Laundering Mon, 11 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314052