2024 (2) TMI 734

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....l Bhuyan For the Petitioner(s) : Mr. Basant R., Sr. Adv., Mr. Amit Sharma, AOR, Mr. Ravi Kumar, Adv., Mr. Jitendra Kumar Tripathi, Adv., Mr. Saroj Endlaw, Adv. And Mr. Shashank Gaurav, Adv. For the Respondent(s) : Mr. Suryapraksh V Raj, A.S.G., Mr. Mukesh Kumar Maroria, AOR, r. Annam Venkatesh, Adv., Mr. Zoheb Hussian, Adv., Mr. Arkaj Kumar, Adv., Mr. Azmat Hayat Amanullah, AOR And Mr. T. G.....

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....find that nothing is stated therein to even indicate that the proceeds of crime were derived or obtained as a result of any criminal activity relating to scheduled offences. The existence of proceeds of crime as defined in Section 2(u) of the PMLA Act is a condition precedent for the commission of offence of money laundering under Section 3 of the PMLA Act. 5. Therefore, on the basis of materia....