Summary
- The Delhi High Court has ruled that proceedings under the Prevention of Money Laundering Act, 2002 cannot continue if the predicate FIR has been quashed.
- This decision stems from a challenge to ECIR No. ECIR/07/HIU/2021 after the Bombay High Court quashed FIR No. 129/2021 on May 4, 2022.
- The court emphasized that without a legally subsisting scheduled offence, money laundering charges cannot be sustained against any individual.
- This ruling could significantly impact ongoing PMLA cases reliant on quashed FIRs, raising questions about the future of similar proceedings.
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