https://www.taxtmi.com/caselaws?id=456780 The Bombay HC dismissed a bail application in a money laundering case involving proceeds of crime. The applicant sought bail under Section 436-A of Cr.P.C., claiming entitlement after serving half the maximum sentence period, and on medical grounds. The court held that while the right to speedy trial is guaranteed under Article 21, Section 436-A grants discretionary power to courts considering factors like offense seriousness and accused's role. The applicant's medical conditions (cataracts, arthritis, hip issues) were not life-threatening enough to warrant bail under PML Act provisions. Since the scheduled offenses involved serious crimes under IPC Section 302 and NDPS Act with maximum punishment of ten years, Section 436-A could not be invoked despite the applicant serving time only for the money laundering charge carrying seven years maximum punishment. en-us Fri, 09 Feb 2024 00:00:00 +0530 Tue, 13 Aug 2024 19:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456780 The Bombay HC dismissed a bail application in a money laundering case involving proceeds of crime. The applicant sought bail under Section 436-A of Cr.P.C., claiming entitlement after serving half the maximum sentence period, and on medical grounds. The court held that while the right to speedy trial is guaranteed under Article 21, Section 436-A grants discretionary power to courts considering factors like offense seriousness and accused's role. The applicant's medical conditions (cataracts, arthritis, hip issues) were not life-threatening enough to warrant bail under PML Act provisions. Since the scheduled offenses involved serious crimes under IPC Section 302 and NDPS Act with maximum punishment of ten years, Section 436-A could not be invoked despite the applicant serving time only for the money laundering charge carrying seven years maximum punishment. Case-Laws Money Laundering Fri, 09 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456780