Supreme Court refuses to review ruling that PMLA cannot be mechanically invoked by citing criminal conspiracy

A charge of criminal conspiracy under Section 120B IPC will attract PMLA proceedings only if the conspiracy is to commit an offence already included in Parts A, B or C of the Schedule to PMLA, the Court had held in 2023.
Supreme Court and PMLA
Supreme Court and PMLA

The Supreme Court recently refused to review a 2023 judgment which held that the Prevention of Money Laundering Act (PMLA) cannot be mechanically invoked merely by citing a standalone criminal conspiracy charge under Section 120B of the Indian Penal Code (IPC) [Alliance University and anr vs Pavana Dibbur and anr].

Loading content, please wait...
Bar and Bench - Indian Legal news