CBI Court Reserves Orders On Chidambaram's Plea To Surrender Before ED In INX Media Case

The Court of Special Judge, CBI, Rouse Avenue, Delhi on Thursday reserved orders on former Union Finance Minister P Chidambaram's plea for surrendering before Enforcement Directorate in the INX Media case.The orders will be pronounced tomorrow at 2 PM.Chidambaram, who is now lodged in Tihar jail after the CBI Court remanded him to judicial custody on September 5, had filed application...

Special Judge Convicts Wildlife Offenders For Money Laundering: Marks The First-Ever Conviction In Delhi Under PMLA [Read Judgment]

Special CBI Judge Santosh Snehi Mann has convicted two persons of committed an offence under sections 3 and 4 of the Prevention of Money Laundering Act. This case marks the first ever conviction under the aforementioned anti-money laundering legislation in the state of Delhi. In the present case, the three accused persons were apprehended by a joint team of the Delhi Police Crime...

The Concept Of 'Continuing Offence' Under Prevention Of Money Laundering Act

The provisions of Prevention of Money laundering act again caught attention when AM Singhavi argued that the act is being retrospectively applied in case of Mr. P. Chidambaram. Dr. Singhavi asserted that Mr. Chidambaram cannot be tried for an offence which was not a 'scheduled offence' under PMLA in 2007. However Solicitor general Tushar Mehta contended that the nature of offence...

Justice Sunil Gaur, Who Denied Bail To Chidambaram, Tipped To Head PMLA Appellate Tribunal

Government is likely to appoint Justice Sunil Gaur, who had rejected the bail plea of former finance minister P Chidambaram in the INX Media case, as chairman of the PMLA Appellate Tribunal, reports PTINotably, three days before retirement, Justice Gaur had denied anticipatory bail to former Union Finance Minister P Chidambaram by terming him the "kingpin and key conspirator" of the INX...

INX Media - There Is No Retrospective Application Of PMLA Against Chidambaram : Solicitor General

Countering the arguments of Chidambaram's lawyers that Prevention of Money Laundering Act was being retrospectively applied to Chidambaram, Solicitor General Tushar Mehta submitted on Wednesday that the money laundering continued even after the 2007 INX FDI deal. Senior Advocate Dr A M Singhvi had submitted yesterday that sections added to PMLA in 2009 were invoked against Chidambaram...

INX Media : How Can Chidambaram Be Painted 'Kingpin' For An Offence Which Didn't Exist In 2007, Singhvi Asks In SC

Singhvi argued that PMLA was being retrospectively applied against Chidambaram.

Chidambaram's Custody Needed To Unravel Layers Of Money Laundering In INX Media Case, ED Tells SC [Read Affidavit]

Stating that there existed prima facie 'reasons to believe' that former Union Finance Minister P Chidambaram has indulged in money laundering, the Enforcement Directorate has filed a counter-affidavit in the Supreme Court, opposing his plea for pre-arrest bail.The ED has claimed that it has 'substantial evidence' to believe that Chidambaram and his aides created a web of shell companies to...

Non-Filing Of Chargesheet Within 3 Months Cannot Be A Ground For Revoking Suspension Order: Delhi HC [Read Judgment]

Delhi High Court refused to revoke the order passed by the Central Administrative Tribunal continuing the suspension of a senior government officer on the grounds of pending investigation against him for serious crimes. The court noted that by virtue of his position, if allowed reinstatement, he would be in a position to influence the witnesses. The present petition was filed against...

SC Cancels RERA Registration Of Amrapali; Asks NBCC To Take Over Noida Projects [Read Judgment]

In a major relief to thousands of homebuyers, the Supreme Court on Tuesday cancelled the registration of Amrapali group under Real Estate (Regulation and Development) Act 2016, and directed the National Building Construction Corporation take over its pending construction projects in Greater Noida and Noida.The bench of Justices Arun Mishra and U U Lalit found that Amrapali group had siphoned...

SC Seeks Centre's Reply On Jairam Ramesh's Plea Against Amendments To PMLA By Money Bills

The Supreme Court Tuesday sought response from the Centre on a plea by Congress MP Jairam Ramesh challenging the amendments made to the money laundering law, PMLA, through money bills since 2015 on the ground that they violated the Constitution.A bench comprising Justices S A Bobde and B R Gavai issued notice to the Centre on the appeal filed by Ramesh who has challenged the Delhi High...

All PNB Scam Cases To Be Heard By One Court Designated Under Both PMLA And Prevention Of Corruption Act: Bombay HC [Read Order]

The Bombay High Court ruled on Wednesday that one court designated under both the Prevention of Money Laundering Act (PMLA) and the Prevention of Corruption Act (PC) will hear all cases related to the Rs.11,400-crore PNB scam led by absconding diamond merchant Nirav Modi.Justice Mridula Bhatkar directed Principal Judge of the City Civil & Sessions Court, Greater Mumbai, to assign these...

IBC Overrides PMLA; No Attachment Possible Under PMLA During Insolvency Process : NCLT [Read Order]

The Adjudicating Authority under PMLA does not have jurisdiction to attach the properties of the Corporate Debtor undergoing Corporate Insolvency Resolution Process