Thread by @verdictum_in

Supreme Court to pronounce judgment on the batch of petitions challenging the various provisions and procedures given under Prevention of Money laundering Act, 2002.

#SupremeCourt #PMLA #Judgment

Order - The question as to whether some of the amendments would not have been brought as Money Bill has not been examined and have been left for a larger bench to consider

#SupremeCourt #PMLA #Judgment

Order - Section 3 has a wider reach and deals with direct and indirect proceeds of the crime. Explanation to it is clarificatory in nature

#SupremeCourt #PMLA #Judgment

Order - Section 5 is constitutionally valid. Section 8(4) is also valid. The challenge to Section 17(1) stands rejected. The challenge to Section 18 and Section 19 stands rejected.

#SupremeCourt #PMLA #Judgment

Order - Section 44 will be dealt in accordance with earlier judgment. Section 45 is also legal and is not unreasonable. Principles of Section 45 may apply for grant of bail

#SupremeCourt #PMLA #Judgment

Order - Authorities under PMLA 2002 are not police officers. ECIR cannot be equated with FIR as ECIR is an internal document. Supply of ECIR is not mandatory and only reasons being disclosed at time of arrest is enough

#SupremeCourt #PMLA #Judgment

Order - Arguments of proportionality of punishment regarding scheduled offences is unfounded and rejected. All transfer petition are disposed off and relegated to High Court

#SupremeCourt #PMLA #Judgment

Order - Parties seeking bail can pursue it in appropriate court. Interim reliefs granted to the petitioners to continue for another 4 weeks

#SupremeCourt #PMLA #Judgment