PMLA Judgment Review Hearing : Live Updates From Supreme Court
LIVELAW NEWS NETWORK
18 Oct 2023 9:04 AM GMT
![PMLA Judgment Review Hearing : Live Updates From Supreme Court PMLA Judgment Review Hearing : Live Updates From Supreme Court](https://www.livelaw.in/h-upload/2022/09/21/750x450_436024-live-updates-sc.jpg)
Live Updates
- 18 Oct 2023 10:00 AM GMT
Justice Kaul : We may say tomorrow, after hearing that party that we will wait for the review. But we can't say we can never revisit the decision. Review order says at least 2 aspects to be reconsidered. Jurisdiction and review are different. Problem is, sometimes if one side feels I am faced with an adverse order already, then what can we do. Somebody has filed it. We can consider. Don't preclude somebody.
- 18 Oct 2023 9:58 AM GMT
Justice Khanna : Power of review is a bit larger...this is the final court...please don't assume we are saying the decision is wrong..but certain nuances have been raised..
SG : Its not an academic exercise. We have to be alert and alarm.
Justice Kaul : We are alert, we won't be alarmed by any party.
- 18 Oct 2023 9:55 AM GMT
Justice Kaul : Prima facie my view if it is worth it, the three judge bench can revisit. The Court will show circumspection in deciding whether to look into it. But there cannot be bar. Is it written in stone that a bench cannot look into another judgment?
SG : But not like this in these proceedings.
- 18 Oct 2023 9:49 AM GMT
SG : PMLA is not a standalone offence. There is a global response. Unlike other laws, PMLA is prepared by the legislature in conformity with the directions issued by the Financial Action Task Force. Accordingly, every member country has prepared their money laundering and terror financing laws.