Allocation of coal block in itself can't be considered as proceeds of crime under PMLA: Delhi High Court

Pertinently, the High Court held that proceedings under PMLA cannot sustain if competent court has held that predicate offence was not committed.
Justice Yashwant Varma
Justice Yashwant Varma

The Delhi High Court has held that allocation of coal blocks per se cannot be viewed or recognised as proceeds of crime under the Prevention of Money Laundering Act (PMLA) [Prakash Industries Ltd and Anr v Directorate of Enforcement].

Want to read the full story?

We’re glad you’re enjoying this story. Subscribe to any of our plans to continue reading the story.

Already have an account? Sign In

Related Stories

No stories found.
Bar and Bench - Indian Legal news