WebFeb 19, 2024 · Today we will discuss the latest judicial pronouncement of OPTO Circuit India Ltd. v. Axis Bank & Ors., Criminal Appeal No. 102/2024, wherein the Court discussed the scope and the power of freezing bank accounts by the authorities under the Prevention of Money Laundering Act, 2002 (in short, “ PMLA ”). WebOpto Circuit India Ltd. vs Axis Bank on 3 February, 2024. Author: A.S. Bopanna. Bench: Hon'Ble The Justice, A.S. Bopanna, V. Ramasubramanian. REPORTABLE IN THE SUPREME COURT OF INDIA CRIMINAL APPELLATE JURISDICTION CRIMINAL APPEAL NO.102 OF …
An analysis of the Prevention of Money Laundering Act, 2002 …
WebSep 11, 2024 · Latest Judgments Opto Circuit India Ltd v. Axis Bank and Others September 11, 2024 Petition (s) for Special Leave to Appeal (Crl.) No (s). 4171/2024 Issue notice restricted to the purpose of enabling necessary payment returnable within two weeks. Print PDF (S.A. Bobde, C.J. and A.S. Bopanna and V. Ramasubramanian, JJ.) WebJan 23, 2024 · In another Supreme Court judgement, which is Opto Circuit vs Axis Bank[xxxi], the Court held that the freezing of assets or bank accounts of the accused without adhering to the strict compliance ... irs ein federal tax id
Opto Circuit India Ltd. (S) v. Axis Bank And Others (S). - Casemine
WebFeb 22, 2024 · A three-judge Bench of the Supreme Court, comprising Chief Justice of India SA Bobde and Justices AS Bopanna and V Ramasubramanian, on February 3, allowed an appeal filed on behalf of OPTO Circuit India Ltd. challenging an August 2024 order passed by the Karnataka High Court. WebFeb 3, 2024 · Opto Circuit India Ltd. (S) v. Axis Bank And Others (S). Supreme Court Of India Feb 3, 2024 Subsequent References CaseIQ TM (AI Recommendations) Opto Circuit India Ltd. (S) v. Axis Bank And Others (S). Summary Please sign up to view Summary. JUDGMENT ORIGINAL PDF Opto Circuit India Ltd. (S) v. Axis Bank And Others (S). WebJul 23, 2024 · Scope of ED’s power to freeze bank accounts under Prevention of Money Laundering Act, 2002 Supreme Court: The 3-judge bench of SA Bobde, CJ and AS Bopanna* and V. Ramasubramanian, JJ has held that under the Prevention of Money -Laundering Act, 2002, though the Directorate of Enforcement is vested with sufficient power to freeze the … irs ein estate application