Y.B. Ashwathanarayan v. Union of India
LOK 2026 (11) Kar. 60
Equivalent citations: 2026 KHC 61902
- Court
- High Court of Karnataka
- Bench
- M. I. Arun; J.
- Case No.
- W.P. No. 18821 of 2024; 4630, 5168, 22460 of 2025
Counsel For the petitioners — Kiran S. Javali, Senior Advocate, for Mahendra Gouda C.R. and Mayank Jain. Thammaiah H.N. in W.P. No. 22460 of 2025. For the respondents — S.V. Raju with Anuparna Bordoloi, and B.S. Prasad
Provisions referred
Headnote
Prevention of Money-Laundering Act, 2002 — Sections 2(1)(u) and 3 — Scheduled offence — Proceeds of crime.
The Court held that proceedings under the PMLA depend on a scheduled offence and proceeds of crime. In the land case, the underlying complaint had been closed for want of sanction and that closure had attained finality. On those facts, the ED’s continuing inquiry into proceeds of crime from the alleged scheduled offences could not be sustained. (Paras 17–20)
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