Properties attached under PMLA can't be treated as proceeds of crime once scheduled offence quashed: Delhi High Court

The Delhi High Court recently held that properties attached under the Prevention of Money Laundering Act of 2002 (PMLA) cannot be treated as proceeds of crime or be viewed as property derived from criminal activity, once the scheduled/ predicate offence is quashed by a competent court [Directorate of Enforcement v Akhilesh Singh & Ors].