https://www.taxtmi.com/caselaws?id=765201 Bombay HC granted regular bail to applicant in money laundering case under PMLA after prolonged incarceration of 3 years 10 months. Court held that despite restrictive provisions of Section 45 PMLA, Section 436A CrPC prevails allowing bail when undertrial detention exceeds substantial part of prescribed sentence. Since maximum punishment is 7 years and applicant completed more than half, fundamental rights under Article 21 cannot be infringed. Trial unlikely to conclude soon as proceedings haven't commenced. Bail granted with conditions including Rs. 10 lakh bond, travel restrictions, periodic reporting to ED, and passport surrender. en-us Fri, 24 Jan 2025 00:00:00 +0530 Tue, 28 Jan 2025 08:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765201 Bombay HC granted regular bail to applicant in money laundering case under PMLA after prolonged incarceration of 3 years 10 months. Court held that despite restrictive provisions of Section 45 PMLA, Section 436A CrPC prevails allowing bail when undertrial detention exceeds substantial part of prescribed sentence. Since maximum punishment is 7 years and applicant completed more than half, fundamental rights under Article 21 cannot be infringed. Trial unlikely to conclude soon as proceedings haven't commenced. Bail granted with conditions including Rs. 10 lakh bond, travel restrictions, periodic reporting to ED, and passport surrender. Case-Laws Money Laundering Fri, 24 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765201