https://www.taxtmi.com/caselaws?id=766201 A Resolution Professional appointed under the Insolvency and Bankruptcy Code, 2016 was treated as performing a public duty and was held to fall within the meaning of a public servant for the Prevention of Corruption Act, 1988. On the money-laundering issue, the Court applied the settled discharge standard and held that it could only see whether the material disclosed sufficient ground to proceed, not conduct a mini trial; it further noted the broad scope of proceeds of crime and Section 3 of the Prevention of Money Laundering Act, 2002. On the facts alleged, the investigation material was found sufficient to sustain refusal of discharge and allow the prosecution to continue. en-us Fri, 14 Feb 2025 00:00:00 +0530 Thu, 20 Feb 2025 08:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766201 A Resolution Professional appointed under the Insolvency and Bankruptcy Code, 2016 was treated as performing a public duty and was held to fall within the meaning of a public servant for the Prevention of Corruption Act, 1988. On the money-laundering issue, the Court applied the settled discharge standard and held that it could only see whether the material disclosed sufficient ground to proceed, not conduct a mini trial; it further noted the broad scope of proceeds of crime and Section 3 of the Prevention of Money Laundering Act, 2002. On the facts alleged, the investigation material was found sufficient to sustain refusal of discharge and allow the prosecution to continue. Case-Laws Money Laundering Fri, 14 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766201