https://www.taxtmi.com/caselaws?id=468107 In a prosecution under the Prevention of Money-Laundering Act, 2002, the Court applied the statutory framework under Sections 3, 4, 24 and 45 while examining whether the petitioner could be released on bail. The allegations of receipt, transfer and use of alleged proceeds of crime through the petitioner's proprietorship account were treated as sufficient to keep the burden against the petitioner under Section 24, and the material on record was found inadequate to rebut the presumption of involvement. The Court held that reasonable grounds for believing that the petitioner was not guilty were not shown, the twin conditions for bail were not satisfied, and bail was declined. en-us Mon, 24 Nov 2025 00:00:00 +0530 Thu, 16 Apr 2026 19:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468107 In a prosecution under the Prevention of Money-Laundering Act, 2002, the Court applied the statutory framework under Sections 3, 4, 24 and 45 while examining whether the petitioner could be released on bail. The allegations of receipt, transfer and use of alleged proceeds of crime through the petitioner's proprietorship account were treated as sufficient to keep the burden against the petitioner under Section 24, and the material on record was found inadequate to rebut the presumption of involvement. The Court held that reasonable grounds for believing that the petitioner was not guilty were not shown, the twin conditions for bail were not satisfied, and bail was declined. Case-Laws Money Laundering Mon, 24 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468107