https://www.taxtmi.com/caselaws?id=764487 The HC quashed the Enforcement Directorate's (ED) proceedings under the Prevention of Money Laundering Act (PMLA) against the petitioner due to the absence of a scheduled offence. The court determined that the ED's actions, including the prosecution complaint and summons issued by the Special Court, were invalid without a registered or pending inquiry into a scheduled offence. The court reaffirmed the necessity of a scheduled offence for PMLA proceedings, leaving open the possibility for the ED to initiate new proceedings if such an offence is later established. The petition and pending applications were disposed of accordingly. en-us Fri, 03 Jan 2025 00:00:00 +0530 Sat, 11 Jan 2025 08:46:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764487 The HC quashed the Enforcement Directorate's (ED) proceedings under the Prevention of Money Laundering Act (PMLA) against the petitioner due to the absence of a scheduled offence. The court determined that the ED's actions, including the prosecution complaint and summons issued by the Special Court, were invalid without a registered or pending inquiry into a scheduled offence. The court reaffirmed the necessity of a scheduled offence for PMLA proceedings, leaving open the possibility for the ED to initiate new proceedings if such an offence is later established. The petition and pending applications were disposed of accordingly. Case-Laws Money Laundering Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764487