WebIn SFIO v Nittin Johari (2024) 9 SCC 165 the Hon’ble Supreme Court held that the High Court should decide on the ‘scope and effect’ of such twin conditions before granting bail. … WebJul 7, 2024 · In view of the above the Supreme Court declared Section 45(1) of the PMLA, insofar as it imposes twin conditions for release on bail, to be unconstitutional as it violates Articles 14 and 21 of the Constitution of India. Position Subsequent to the Amendment under Section 45, PMLA ACT.
Read all Latest Updates on and about PMLA - Live Law
WebJan 31, 2024 · In a recent case, a two-judge bench of the Bombay High Court noted that the twin conditions for bail in section 45(1) of the Prevention of Money Laundering Act, 2002 … WebJul 27, 2024 · The Court also upheld the "twin-conditions" for bail in Section 45 of the PMLA Act and said that the Parliament was competent to amend the said provision in 2024 even after the Supreme Court's ... scunthorpe auctioneers
S.45 PMLA: Twin Conditions For Bail That Were Declared …
Web16 hours ago · A Mumbai court earlier this month granted bail to Yes Bank founder Rana Kapoor in a ₹200 crore money laundering case allegedly involving Mack Star Market Pvt Lt. Subscribe. News. News. ... his formal arrest was effected by the earlier judge dragging the applicant in the clutch of stringent twin conditions under Sec.45(1) ... WebNov 23, 2024 · He said that the twin conditions laid down as additional conditions for grant of bail were, at this stage, only qua offences under the 2002 Act. However, when Parliament enacted the 2002 Act, this scheme was completely changed in that Section 45 of the Act now spoke only of the predicate/scheduled offence and not the offence under the 2002 Act. WebJul 27, 2024 · The Court also affirmed the "twin-conditions" for bail in Section 45 of the PMLA Act and declared that Parliament was still authorised to change the provision in 2024 despite the ruling in the Nikesh Tharachand Shah case by the Supreme Court (which had struck down the twin conditions). pdf to hd jpeg