https://www.taxtmi.com/caselaws?id=460349 Karnataka HC allowed petition seeking quashment of PMLA summons. Following Supreme Court precedent in Vijay Madanlal Choudhary case, court held that PMLA proceedings cannot continue in three circumstances: quashment under Section 482, acquittal in predicate offence, or discharge of accused. Since petitioner was acquitted of Prevention of Corruption Act charges in December 2022, PMLA proceedings under ECIR were quashed. The court concluded that money laundering proceedings must cease following acquittal in the underlying predicate offence. en-us Mon, 16 Jan 2023 00:00:00 +0530 Mon, 20 Jan 2025 20:06:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460349 Karnataka HC allowed petition seeking quashment of PMLA summons. Following Supreme Court precedent in Vijay Madanlal Choudhary case, court held that PMLA proceedings cannot continue in three circumstances: quashment under Section 482, acquittal in predicate offence, or discharge of accused. Since petitioner was acquitted of Prevention of Corruption Act charges in December 2022, PMLA proceedings under ECIR were quashed. The court concluded that money laundering proceedings must cease following acquittal in the underlying predicate offence. Case-Laws Money Laundering Mon, 16 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460349