jurisdiction to go into the matters governed under the Prevention of Money
Laundering Act, 2001 (PMLA) and, therefore, Section 14 , having
consequent upon an order ... 2016 dated 19.10.2016 and
initiated an investigation under the Prevention of Money Laundering Act,
2002 .
5. It is the version of the Respondent that during
money-laundering'
and Section 3 therein relates to 'offence of money-
laundering, which reads as follows:
"3. Offence of money-Laundering.-
Whosoever ... money-laundering."
11. 'Punishment for money-laundering' is prescribed
under Section 4 as follows:
"4. Punishment for money-laundering -
Whoever commits
jurisdiction to go into the matters governed under the Prevention of Money
Laundering Act, 2001 (PMLA) and, therefore, Section 14 , having
consequent upon an order ... 2016 dated 19.10.2016 and
initiated an investigation under the Prevention of Money Laundering Act,
2002 .
5. It is the version of the Respondent that during
1495 of 2024 3
scheduled offence under the Prevention of Money Laundering
Act, 2002 ("PMLA").
(iii) On 24.01.2019, the ED passed a provisional ... allottes/ creditors. Reliance was also placed on the
Prevention of Money Laundering Act, 2002 . It is useful to notice
paragraph 314 of the judgment, where
1495 of 2024 3
scheduled offence under the Prevention of Money Laundering
Act, 2002 ("PMLA").
(iii) On 24.01.2019, the ED passed a provisional ... allottes/ creditors. Reliance was also placed on the
Prevention of Money Laundering Act, 2002 . It is useful to notice
paragraph 314 of the judgment, where
Corporate Debtor') under Section 5 of
the ' Prevention of Money Laundering Act, 2002 '.
2. 'JSW Steel Limited' is 'Successful ... derived or
obtained through proceeds of crime under
the Prevention of Money Laundering Act,
2002 ("PMLA) and need not be subject to
attachment
money-laundering."
11. 'Punishment for money-laundering' is prescribed under Section 4
as follows:
"4. Punishment for money-laundering. ─ Whoever
commits ... involved in, money-laundering and for matters connected
therewith or incidental thereto. Thus, as the ' Prevention of Money
Laundering Act, 2002 ' or provisions
provisional attachment' order passed under ' Prevention of Money
Laundering Act, 2002 ', as both the 'Laws' on a different field ... Act, 1988 ', before this
'Appellate Tribunal'.
It must be borne in mind that in the act / transaction of 'Money
Laundering
stone and
thereby invite the rigours of the Public Money Laundering Act,
2002 .
10. Section 3 of the Prevention of Money-Laundering Act, 2002, reads ... punishment for money-
laundering, reads as under:-
"4. Punishment for money-laundering- Whoever commits the offence
of money-laundering shall be punishable with rigorous
asserts that the continued attachment of properties
under the Prevention of Money Laundering Act, 2002 (PMLA) violates the
moratorium under Section ... legislations viz. Insolvency & Bankruptcy Code 2016 and
the Prevention of Money Laundering Act, 2002 .
Brief facts of the case
3. The brief facts
