PMLA
Breaking: Supreme Court To Hear Today Review Petition Against Its PMLA Judgement
The Supreme Court will hear today a petition seeking review of its July 27 judgment in Vijay Madanlal Choudhary vs Union of India which upheld the power of arrest, attachment and search and seizure conferred on the Enforcement Directorate by the Prevention of Money Laundering Act, 2002.The matter is listed at 1:20pm before a bench comprising CJI NV Ramana, Justices Dinesh Maheshwari and CT Ravikumar.Recently, a bench led by CJI Ramana had expressed concerns about the judgment, insofar as it...
Supreme Court Issues Notice On Interim Bail Plea By Chief MD Of Future Maker Life Care In Ponzi Scheme
The Supreme Court, on Monday, issued notice in a plea filed by Radhey Shyam, Chief Managing Director of Future Maker Life Care Pvt. Ltd. seeking interim bail to attend his parents' last rites, rituals and ceremonies. The writ petition was filed under Article 32 of the Constitution of India, 1950, seeking grant of interim bail for a period of three weeks on account of the sudden death of his mother. As submitted by Senior Advocate Mr. Kapil Sibal appearing for the...
Plea In Supreme Court Seeks Review Of Its PMLA Judgment
A review petition has been filed before the Supreme Court against its July 27 judgment in Vijay Madanlal Choudhary vs Union of India which upheld the power of arrest, attachment and search and seizure conferred on the Enforcement Directorate by the Prevention of Money Laundering Act, 2002. The plea was mentioned before CJI NV Ramana today and will be listed in due course. Through the impugned judgment, a three-judge bench Bench comprising Justices A.M. Khanwilkar, Dinesh Maheshwari and...
Might Have Taken A Different View In PMLA Judgment, Says Justice Nageswara Rao; Flags Strategy To Muzzle Dissent By Selective Prosecution
On the 76th Independence Day of India, Retired Supreme Court Justice Nageswara Rao opined that he would have probably taken a different view in the judgment upholding the provisions of the Prevention of Money Laundering Act (PMLA).When asked on the correctness and impact of the Supreme Court's recent decision upholding the validity of the Prevention of Money Laundering Act, 2002 , this is what the Judge had to say:"At the outset, I must tell you that I am not going to be critical of judges or...
ED's Power Under PML Act Rests On The Quartet-Test Of 'Search', 'Seize', 'Proceeds Of Crime' & 'Money-Laundering': Calcutta High Court
In a significant order, the Calcutta High Court on Wednesday explained and deliberated upon the procedure of Search, Seizure of Property & Impounding of Records as provided under Section 17 (1) of the Prevention of Money Laundering Act.The bench of Justice Moushumi Bhattacharya stressed that the power of the Directorate of Enforcement under the PML Act rests upon the quartet-test of 'Search', 'Seize', 'Proceeds Of Crime' & 'Money-Laundering'.In other words, the Court has held that the...
No PMLA Case Without Scheduled Offence : Mumbai Special Court Applies Supreme Court's Recent Judgment
In a first after the Supreme Court's recent ruling on the Prevention of Money Laundering Act, a Special court in Mumbai ordered the interim release of two accused in a money laundering case after the accused claimed they were exonerated in the scheduled offence. Special Judge MG Deshpande relied on the Vijay MandalChaudhary and others Vs. Union of India [SLP (Crl.) No.4634 of 2014, where in the Supreme Court held that if there is no scheduled/ predicate offence, the PMLA case cannot...
![Supreme Courts PMLA Judgment Explained [Video]](https://www.livelawbiz.com/h-upload/videothumb/yt_t7BjZ-mg074CLAW.jpg "Supreme Courts PMLA Judgment Explained [Video]")
Summary Of Supreme Court's PMLA Judgement- Vijay Madanlal Choudhary Vs Union of India
The Supreme Court, on Wednesday, upheld the provisions of the Prevention of Money Laundering Act, 2002 which relate to the power of arrest, attachment and search and seizure conferred on the Enforcement Directorate.Read the Summary of 545 Pages Judgement in Vijay Madanlal Choudhary Vs Union of India here;(i) The question as to whether some of the amendments to the Prevention of Money-laundering Act, 2002 could not have been enacted by the Parliament by way of a Finance Act has not been examined...
BREAKING| Supreme Court Upholds ED's Power Of Arrest, Attachment, Search & Seizure And "Twin-Conditions" For Bail; Says PMLA Has Stringent Safeguards
The Supreme Court, on Wednesday, upheld the provisions of Prevention of Money Laundering Act, 2002 which relate to the power of arrest, attachment and search and seizure conferred on the Enforcement Directorate.The Court upheld the constitutionality of the provisions of Sections 5, 8(4), 15, 17 and 19 of the PMLA, which relate to the powers of ED's power of arrest, attachment, search and seizure. The Court also upheld the reverse burden of proof under Section 24 of the Act and said that...
Supreme Court Judgment On Interpretation Of PMLA Provisions Expected Soon : A Recap Of The Main Issues
Upon reopening, the Supreme Court is expected to pronounce its judgment in the batch of petitions concerned with the interpretation of the Prevention of Money Laundering Act, 2002. Over a span of almost one and a half months, the Supreme Court heard arguments of the Senior Counsels representing the petitioners, the Solicitor General of India and the ASG appearing on behalf of the Enforcement Directorate, in this regard.A Bench comprising Justices A.M. Khanwilkar, Dinesh Maheshwari and C.T....
Delhi High Court Directs Filling Up Of Vacant Posts In Adjudicatory Authority Under PMLA On Expeditious Basis
The Delhi High Court has directed filling up all the vacant posts, especially, Member (Administration), Member (Law) and Member (Finance or Accountancy) in Adjudicatory Authority under Prevention of Money Laundering Act (PMLA) on an expeditious basis and in any case within a period of four months.Justice Pratibha M Singh added that regarding the posts of Administrative Officer and Registrar, steps shall also be taken to fill the said posts on an expeditious basis.While a batch of petitions...