Supreme Court · 2021 INSC 56 · Decided 3 February 2021
Opto Circuit India LTD. v. Axis Bank & ORS.
- Court
- Supreme Court of India
- Citation
- 2021 INSC 56 · [2021] 2 S.C.R. 81
- Case number
- CRIMINAL APPEAL No. 102/2021
- Decided
- 3 February 2021
- Bench
- S.A. BOBDE, A.S. BOPANNA, V. RAMASUBRAMANIAN (3-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Criminal
- Acts & sections cited
- Prevention of Money Laundering Act Section 17, 2(v), 17(1), 17(2)
Headnote
Prevention of Money-Laundering Act, 2002 - s.17, 2(v) and s.2(w) - The Directorate of Enforcement initiated the proceedings against the appellant under PMLA - In the said process the Deputy Director, Directorate of Enforcement through the communication dated Anti Money-Laundering (AML) Officer of Respondents No.1 to 3 Banks instructed them that the accounts maintained by the appellant company be 'debit freezed/ stop operations' - Aggrieved, the appellant filed writ petition and sought to quash the communication dated 15.05.2020
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