
Taxmann Professionals
February 15, 2025 at 08:36 AM
#pmla #caselaw
Key Takeaways from Taxmann's Case Digest:
• Consideration of two conditions mentioned in Section 45 of PMLA is mandatory, and while considering bail application, said rigours of Section 45 have to be reckoned by the Court to uphold the objectives of PMLA
• Any casual or cursory approach by Courts while considering the bail application of an offender involved in the offence of money laundering and granting him bail by passing cryptic orders without considering the seriousness of the crime and without considering the rigours of Section 45, cannot be vindicated
Case Name: Union of India v. Kanhaiya Prasad
Citation: [2025] 171 taxmann.com 445 (SC)
Read the Supreme Court Judgment: https://taxmann.social/1aOeb
• Bela M. Trivedi & Prasanna B. Varale, JJ.
#taxmannupdates #supremecourt #moneylaundering #section45