Supreme Court Upholds ECIR Registration and Summons Under Section 50 of PMLA, Dismisses Challenge

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....The SC dismissed the special leave petitions challenging the registration of the ECIR and the issuance of summons under Section 50 of the PMLA against the petitioner. The Court upheld the High Court's determination that the petitioner cannot be prosecuted under the Money Laundering Act based on the impugned ECIR. However, this finding is limited to the ECIR's validity and does not affect other ongoing proceedings, specifically Crime No. 11 of 2024. The SC found no error in the High Court's reasoning and declined to interfere, thereby affirming the dismissal of the petitioner's challenge to the investigation initiated under the impugned ECIR.....