https://www.taxtmi.com/caselaws?id=459845 The court quashed the summons issued under Section 50 of the PMLA, as the applicant had been discharged in the related scheduled offence, rendering the PMLA proceedings unsustainable without an active scheduled offence. The court did not address the constitutional validity of Section 50, as the primary relief was granted based on the discharge. The decision emphasized that money laundering charges under the PMLA depend on the existence of a scheduled offence, aligning with the precedent set by the SC in Vijay Madanlal Choudhary. The respondents did not contest the relief due to the discharge. en-us Wed, 03 Jan 2024 00:00:00 +0530 Tue, 31 Dec 2024 23:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459845 The court quashed the summons issued under Section 50 of the PMLA, as the applicant had been discharged in the related scheduled offence, rendering the PMLA proceedings unsustainable without an active scheduled offence. The court did not address the constitutional validity of Section 50, as the primary relief was granted based on the discharge. The decision emphasized that money laundering charges under the PMLA depend on the existence of a scheduled offence, aligning with the precedent set by the SC in Vijay Madanlal Choudhary. The respondents did not contest the relief due to the discharge. Case-Laws Money Laundering Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459845