Enforcement Directorate Archives

No Moratorium Cover for Tainted Assets: NCLAT on the Limits of ED’s Power Under PMLA

Anti-Money Laundering & Financial Crimes

Introduction The National Company Law Appellate Tribunal (NCLAT) has delivered a clear verdict on the interplay between insolvency law and anti-money laundering enforcement. In the case Value Wise Consultancy Private Limited v. Deputy Director, Directorate of Enforcement & Ors. (Company Appeal (AT) (Ins) Nos. 1226 & 1227 of 2022), the Tribunal ruled on a question […]

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Mere Reproduction of Statutory Language Does Not Constitute “Reason to Believe” Under PMLA; Writ Maintainable Despite Alternate Remedy Karnataka High Court

Mere Reproduction of Statutory Language Does Not Constitute “Reason to Believe” Under PMLA: Karnataka HC

Anti-Money Laundering & Financial Crimes, Legal Updates & News

In Jayamma v. Directorate of Enforcement, 2026:KHC:25829, the Karnataka High Court set aside a provisional attachment order issued under Section 5(1) of the Prevention of Money Laundering Act, 2002 (“PMLA”), holding that mere reproduction of the statutory language contained in the Second Proviso to Section 5(1) cannot substitute the mandatory requirement of recording an independent

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Key Provisions of the Prevention of Money Laundering Act, 2002 (PMLA)

Anti-Money Laundering & Financial Crimes

The Prevention of Money Laundering Act (PMLA), 2002 is a crucial legislative framework in India aimed at combating money laundering and preventing the misuse of financial systems for illicit activities. Enacted to curb the generation and circulation of black money, PMLA is instrumental in ensuring financial transparency and regulatory compliance in the economy. The primary

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