ARBITRA May 2025 – Your Monthly Guide to Navigate the Evolving Landscape of Arbitration
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Can participation in corporate financial decision-making and overseas asset management amount to money laundering even without direct ownership of illicit assets? That question arose before the Special Court in Directorate of Enforcement v. Punit Garg1, a bail proceeding emerging from investigations linked to Reliance Communications and its associated entities. The case required the Court to examine the scope of liability […]
Read More ››Introduction The PMLA1, stands as India’s bulwark against the insidious crime of money laundering, empowering authorities to seize ill-gotten gains. Yet, its stringent nature has often stirred legal storms, a prominent one being the Vijay Madanlal Choudhary v. Union of India judgment (July 27, 2022)2. This ruling, seen as the bedrock of PMLA jurisprudence, clarified many aspects but also ignited […]
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