https://www.taxtmi.com/caselaws?id=459846 Closure of the predicate offence by acceptance of the final report by the Magistrate was treated as removing the foundation for continuation of money-laundering proceedings based on alleged proceeds of crime. On that reasoning, an ECIR cannot be sustained where the scheduled offence no longer survives, and the inherent power under Section 482 of the Code of Criminal Procedure may be invoked to prevent abuse of process and give effect to the closure order. The text states that, in such circumstances, the aggrieved party may seek quashing of the ECIR and consequential proceedings, and that the ECIR and all proceedings pursuant to it were liable to be quashed. en-us Tue, 09 Jul 2024 00:00:00 +0530 Tue, 31 Dec 2024 18:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459846 Closure of the predicate offence by acceptance of the final report by the Magistrate was treated as removing the foundation for continuation of money-laundering proceedings based on alleged proceeds of crime. On that reasoning, an ECIR cannot be sustained where the scheduled offence no longer survives, and the inherent power under Section 482 of the Code of Criminal Procedure may be invoked to prevent abuse of process and give effect to the closure order. The text states that, in such circumstances, the aggrieved party may seek quashing of the ECIR and consequential proceedings, and that the ECIR and all proceedings pursuant to it were liable to be quashed. Case-Laws Money Laundering Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459846