Prudeta
Prudeta
2026 INSC 702
📌 Paras 1-2
The petitioner, a promoter of a real estate company, sought to quash a prosecution complaint under the Prevention of Money Laundering Act (PMLA), 2002, pending before the Special Judge, PMLA, Gurugram. During arguments, the prayer was restricted to transferring the PMLA case from Gurugram to Delhi. The case arose from allegations of cheating homebuyers and diversion of funds through various group companies, including a shell company used to siphon funds to a Sri Lankan subsidiary. A new scheduled offence was registered based on further evidence of involvement of directors and promoters in cheating investors.
📌 Para 4
Whether the PMLA prosecution complaint, arising from scheduled offences, should be transferred from Gurugr
The bench further analyzed the constitutional validity of the impugned provisions and discussed the interpretation of Articles 14 and 21 in light of recent precedents...
Citing the ratio in prior decisions, the court held that the legislative intent was to ensure...
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