https://www.taxtmi.com/caselaws?id=779535 SC declined to quash cognizance or interdict proceedings under PMLA, holding that the contention that entire bank balances are "proceeds of crime" is misplaced where transactions passed through regular banking channels and appear in books. The Court directed statutory processes and appellate remedies to run their course without prejudgment on whether attached property constitutes "proceeds of crime" under s.2(1)(u) or whether withdrawals violated law. The appellants may press statutory appeals before the Appellate Tribunal; no interference granted at this stage and the appeal was disposed. en-us Tue, 07 Oct 2025 00:00:00 +0530 Wed, 08 Oct 2025 08:45:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779535 SC declined to quash cognizance or interdict proceedings under PMLA, holding that the contention that entire bank balances are "proceeds of crime" is misplaced where transactions passed through regular banking channels and appear in books. The Court directed statutory processes and appellate remedies to run their course without prejudgment on whether attached property constitutes "proceeds of crime" under s.2(1)(u) or whether withdrawals violated law. The appellants may press statutory appeals before the Appellate Tribunal; no interference granted at this stage and the appeal was disposed. Case-Laws Money Laundering Tue, 07 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779535