https://www.taxtmi.com/caselaws?id=754794 The Madras HC dismissed bail petitions in a money laundering case under PMLA 2002. The court held that Section 45's twin conditions for bail were not satisfied by the petitioners. The court rejected arguments that Section 45 of PMLA 2022 cannot operate retrospectively following the SC's decision in Nikesh Tarachand Shah case. The HC maintained its earlier finding that the stringent bail conditions under PMLA had not been met, resulting in dismissal of the criminal original petitions. en-us Mon, 24 Jun 2024 00:00:00 +0530 Sat, 29 Jun 2024 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754794 The Madras HC dismissed bail petitions in a money laundering case under PMLA 2002. The court held that Section 45's twin conditions for bail were not satisfied by the petitioners. The court rejected arguments that Section 45 of PMLA 2022 cannot operate retrospectively following the SC's decision in Nikesh Tarachand Shah case. The HC maintained its earlier finding that the stringent bail conditions under PMLA had not been met, resulting in dismissal of the criminal original petitions. Case-Laws Money Laundering Mon, 24 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754794