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Jan 17, 20243 min read
PMLA: Anticipatory Bail Granted Due to Absence of 'Proceeds of Crime’
Explore how 'Proceeds of Crime' criteria influence anticipatory bail decisions under PMLA in our latest analysis.
Jan 16, 20245 min read
Interpreting PMLA Arrest Guidelines: Delhi High Court’s Perspective on Oral Communication of Grounds of Arrest
Introduction In the interlinked cases of Neeraj Singal v. Directorate of Enforcement [i] ( ‘ED' ), the Delhi High Court ( ‘DHC' )...
Jan 2, 20244 min read
Supreme Court Rejects Retrospective Application of Pankaj Bansal Case in Supertech Founder’s Arrest under PMLA
Introduction In the matter of Ram Kishor Arora v. Directorate of Enforcement[i] (‘ED’), the Hon’ble Supreme Court (‘Apex Court’) held...
Dec 29, 20234 min read
Supreme Court Denies Bail to Bureaucrat in Money Laundering Case
Supreme Court denies Saumya Chaurasia bail, citing her involvement in money laundering and misrepresentation.
Dec 22, 20235 min read
[Bombay HC] Accused persons can be denied bail, even if they are not directly involved in the predicate offence but can still be prosecuted under PMLA
Introduction In the matter of Sadanand Gangaram Kadam v. Directorate of Enforcement [i] , the Bombay High Court (‘BHC’) denied bail to...
Nov 21, 20235 min read
The Apex Court Denies Bail to Manish Sisodia - Legal Analysis
Introduction The Apex Court, recently in Manish Sisodia v. Central Bureau of Investigation [i] , denied bail to the former Deputy Chief...
Oct 12, 20235 min read
Legal Safeguards and Transparency Under S. 19 Of The PMLA: Pankaj Bansal v. Union of India
Introduction The case at hand pertains to a significant legal matter involving the interpretation and application of s. 19 of the...
Sep 15, 20235 min read
Delhi High Court Denies Bail to Manish Sisodia: Legal Analysis
Introduction In a significant legal development, the Delhi High Court ('DHC') recently delivered a consequential verdict in the case of...
Aug 26, 20236 min read
Startups in distress: Navigating legal complexities
In the dynamic world of startups, where innovation and risk-taking are paramount, allegations of misconduct, financial irregularities,...
Aug 17, 202312 min read
Scope of information sharing by ED under section 66 of PMLA
In the complex landscape of the Prevention of Money Laundering Act, 2002, s. 66(2) is gaining increasing importance, governing the...
Jul 14, 20235 min read
[AT-PMLA] Attachment under PMLA upheld even if complaint not yet filed under Black Money Act
The Hon’ble Appellate Tribunal under the Prevention of Money Laundering Act, 2002 (‘the Appellate Tribunal’) in a recent case of Dr....
Jun 27, 20239 min read
The Need for Corporates to Have an Anti-Bribery/Anti-Corruption Policy
This article presents the pressing need for corporates to establish an anti-bribery/anti-corruption policy in today's global business...
Jun 15, 20238 min read
Restoration of Property attached or confiscated under PMLA: An Overview
The article presents a comprehensive overview of the provisions and procedures pertaining to the restoration of properties that have been...
May 31, 20239 min read
PMLA and CAs: Inclusion within the enforcement ambit
The money laundering law of India relies on access to information for effective enforcement and adjudication. Recently, the net of the...
May 25, 20234 min read
Upholding Accountability in Auditing: SC's Ruling on UOI v. Deloitte Haskins and Sells LLP
In Union of India v. Deloitte Haskins and Sells LLP [ i ] , the Hon’ble Supreme Court of India found Deloitte Haskins and Sells LLP...
Apr 10, 20232 min read
Finance Ministry enhances Beneficial Owner Definitions & Disclosure Rules under PMLA
Introduction In a recent move to combat benami activities and operations of clandestine firms, The Ministry of Finance recently issued a...
Mar 15, 20233 min read
Virtual Digital Assets ('VDA') brought under the purview of PMLA
In a recent notification (Notification bearing no. S.O. 1072(E) dated 07.03.2023 (“the Notification”)), the Ministry of Finance has...
Mar 10, 202310 min read
GST prosecution: Whether assessment is a must before prosecution?
The GST Acts lay down provisions for criminally prosecuting a person in case there are certain contraventions of the tax law. However,...
Jan 30, 20233 min read
[Delhi HC] Evasive replies during interrogation cannot disentitle a person from the grant of bail
The Delhi High Court, in Bindu Rana vs Serious Fraud Investigation 2023 SCC OnLine Del 276, has recently held in a decision that evasive...
Jan 17, 20237 min read
Separation of trials: Key legal and practical issues
Analysis of the legal and practical issues surrounding the separation of trial of an accused who is absconding from the trial.