Supreme Court to Review PMLA Judgment in September

What is PMLA?

The Prevention of Money Laundering Act (PMLA) is a legislation enacted by the Indian Parliament to prevent and control money laundering in India.

What is the PMLA judgment?

In July 2022, the Supreme Court of India upheld the constitutional validity of the PMLA but struck down certain provisions of the Act, including the twin conditions of prior approval for bail and reversal of the burden of proof.

What will the Supreme Court review?

The Supreme Court will hear petitions challenging the PMLA judgment on September 18, 2023. The petitions argue that the Supreme Court erred in upholding the constitutional validity of the PMLA and that the provisions struck down by the Court are essential for combating money laundering.

Key points to remember:

• The Supreme Court will hear petitions challenging the PMLA judgment on September 18, 2023.
• The petitions argue that the Supreme Court erred in upholding the constitutional validity of the PMLA and that the provisions struck down by the Court are essential for combating money laundering.
• The outcome of the Supreme Court's review will have a significant impact on the enforcement of the PMLA and the fight against money laundering in India.

Sources:

• Supreme Court to hear petitions challenging PMLA judgment on September 18
• Supreme Court to hear petitions challenging PMLA judgment on September 18