https://www.taxtmi.com/caselaws?id=773070 Money-laundering proceedings under the Prevention of Money Laundering Act remain independent of the predicate offence, although they still require proceeds of crime to be traceable on the facts. Discharge in the scheduled offence does not automatically nullify the ECIR or summons issued for inquiry under Section 50. The validity of such action depends on the stage of the matter, the material collected, and whether the discharge in the predicate case has been finally tested. On those principles, the Court declined to quash the ECIR or summons and treated the proceedings as maintainable notwithstanding the discharge. en-us Thu, 22 May 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773070 Money-laundering proceedings under the Prevention of Money Laundering Act remain independent of the predicate offence, although they still require proceeds of crime to be traceable on the facts. Discharge in the scheduled offence does not automatically nullify the ECIR or summons issued for inquiry under Section 50. The validity of such action depends on the stage of the matter, the material collected, and whether the discharge in the predicate case has been finally tested. On those principles, the Court declined to quash the ECIR or summons and treated the proceedings as maintainable notwithstanding the discharge. Case-Laws Money Laundering Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773070