PMLA
Insolvency & Bankruptcy Code: Important Judgments By Supreme Court In 2025
In this article, LiveLaw brings to you a summary of important judgments rendered by the Supreme Court in 2025 in connection with the Insolvency and Bankruptcy Code, 2016. The same are as follows:1. 'IBC A Complete Code' : Supreme Court Disapproves Of High Court Exercising Writ Jurisdiction To Interdict CIRPCase: Mohammed Enterprises (Tanzania) Ltd. v. Farooq Ali Khan & Ors. [Citation: 2025 LiveLaw (SC) 19]In this case, a bench of Justices PS Narasimha and Manoj Misra disapproved of a High...
Madras High Court Rejects Minister I Periyasamy's Plea Against ED Probe, Tells Him To Approach PMLA Adjudicating Authority First
The Madras High Court has dismissed a plea filed by Tamil Nadu Minister for Rural Development I Periyasamy and his family members challenging an ECIR registered against them by the Enforcement Directorate in connection with a money laundering case. The bench of Chief Justice Manindra Mohan Shrivastava and Justice G Arul Murugan noted that the parties had filed the plea without approaching the adjudicating authority first. The bench thus directed them to approach the adjudicating...
Delhi High Court PMLA Digest 2025
'Not A Minor Offence, Part Of Crime Syndicate': Delhi HC Denies Bail To PMLA Accused Booked For Supplying Spurious Anti-Cancer MedicinesCase title: Lovee Narula vs.Directorate Of EnforcementCitation: 2025 LiveLaw (Del) 115The Delhi High Court has denied bail to an accused/applicant booked under the Prevention of Money Laundering Act, 2002 (PMLA) for his alleged involvement in the illegal procurement of empty vials and raw materials of anti-cancer drugs.Justice Chandra Dhari Singh in his order...
Not Chargesheeted Or Summoned In Predicate Case, Woman Accused Gets Bail Under PMLA: Delhi High Court
The Delhi High Court has granted bail to a woman accused under the Prevention of Money Laundering Act, 2002 (PMLA), noting that she was neither chargesheeted by the police nor summoned by the Magistrate in the predicate offence.Justice Swarana Kanta Sharma observed,“the record reflects that the applicant was not found culpable at the stage of police investigation, nor was any prima facie case found against her by the learned Magistrate in the private complaint proceedings.”Applicant Sandeepa...
Non-Bailable Warrants Can't Be Issued Against Person Summoned As Witness Or Suspect During ED Probe: Delhi High Court
The Delhi High Court has held that non-bailable warrants (NBWs) can't be issued against a person who has only been summoned as a witness or suspect in a money-laundering investigation, unless such person is shown to be accused of non-bailable offence.Justice Amit Sharma thus quashed the NBWs issued by the Enforcement Directorate against UK-based businessman Sachin Dev Duggal in connection with money laundering allegations.ED had sought issuance of NBWs on the ground that Petitioner failed to...
Why Delhi Court Dismissed ED's Complaint Against Rahul Gandhi, Sonia Gandhi In National Herald Case
A Delhi Court has refused to take cognizance of Enforcement Directorate's money laundering complaint in the National Herald case allegedly involving Congress leaders Rahul Gandhi and Sonia Gandhi. Special Judge Vishal Gogne of Rouse Avenue Courts passed the order dismissing the prosecution complaint, which is equivalent to a chargesheet. Here are reasons why the Court did so. Money Laundering Chargesheet Not Maintainable In Absence Of FIRThe Court said that the investigation and...
“Inadvertent Error” In Freezing Karti Chidambaram's Wife's Accounts While Probing Him: SFIO Tells NCLT Chennai
The Serious Fraud Investigation Office (SFIO) has conceded before the National Company Law Tribunal (NCLT) at Chennai that an “inadvertent error” on its part led to the freezing of the bank accounts of Dr Srinidhi Karti Chidambaram, wife of former MP Karti P Chidambaram. The attachment arose from SFIO's November 4 ex-parte order in its disgorgement proceedings linked to Advantage Strategic Consulting Pvt. Ltd. (ASCPL), a company alleged to be controlled by Karti and examined in the Aircel...
Karnataka High Court Issues Notice To ED On WinZO's Plea Challenging Search, Seizure In PMLA Probe
The Karnataka High Court on Monday issued notice to the Enforcement Directorate (ED) on a petition filed by an online gaming company, Winzo Pvt Ltd, seeking to declare that the search and seizure carried out by the ED at its office between 18.11.2025 and 22.11.2025 in furtherance of an investigation in a money laundering case is illegal and void.Justice Suraj Govindaraj issued notice and directed the ED to file its response to the petition and posted the matter for further hearing on December...
NCLT Asks SFIO To Clarify Whether It Verified Karti Chidambaram's PAN Before Freezing His Wife's Accounts
The National Company Law Tribunal (NCLT) at Chennai on Wednesday asked the Serious Fraud Investigation Office to clarify whether it independently verified fomer MP Karti Chidambaram's PAN before seeking freezing of the bank accounts of his wife, Dr. Srinidhi Karti Chidambaram, and directed the agency to file a response by December 9 The bench of Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam noted that SFIO had admitted in tribunal that there were no proceedings...
Sandesara Settlement and Constitutional Perimeter Of Closure Of Criminal Cases
The Supreme Court's order dated 19 November 2025 in Hemant S. Hathi v. Central Bureau of Investigation [2025 Livelaw (SC) 1139] represents an extraordinary culmination of multiple criminal, regulatory and attachment proceedings arising from the affairs of the Sterling group. Acting on what it repeatedly describes as the “peculiar facts” of the case, the Court directed that all such proceedings be quashed upon deposit of a consolidated sum of ₹5100 crore.This belongs to a small category of cases...
Supreme Court Restores Property Of Corporate Debtor Attached Under PMLA To Successful Resolution Applicant
The Supreme Court recently reiterated that the objective of Section 8(8) of the Prevention of Money Laundering Act(PMLA) is to ultimately restore any attached properties to the bonafide successful resolution application(SRA) who have a legitimate interest in it.Section 8(8) allows the Special Court to direct the Central Government to restore property that has been confiscated under the Act to a person or claimant who has a legitimate interest in it, upon conclusion of the trial. However, second...
Property From Illegal Cricket Betting Activities Constitutes 'Proceeds Of Crime', Can Be Attached By ED: Delhi High Court
The Delhi High Court has held that though cricket betting is not a separate predicate offence under Prevention of Money Laundering Act, 2002, the property generated from such illegal activities can be attached by the Enforcement Directorate.A division bench of Justices Anil Kshetarpal and Harish Vaidyanathan Shankar observed that the scope of Section 2(1)(u) PMLA, which defines proceeds of crime, is very wide.“Even if a downstream activity, such as conducting betting, is not a scheduled offence,...