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2023 (4) TMI 666 - HC - Money LaunderingMoney Laundering - predicate offence - legality of quashing the proceedings of petitioner - case of Revenue is that the proceedings against A1 to A3 and A9 have only been quashed and that in the said circumstances, when the proceedings are pending against the other accused for the predicate offence, the proceedings against this petitioner cannot be quashed - HELD THAT:- The order taking cognizance by the Magistrate was set aside and it cannot be said that proceedings are pending against other accused. However since the petitions were preferred by accused 1 to 3 and 9, the concluding portion was accordingly spelt out. In view of the quashing of proceedings against accused in the predicate offence, following the judgment of Hon’ble Supreme Court in VIJAY MADANLAL CHOUDHARY & ORS. VERSUS UNION OF INDIA & ORS. [2022 (7) TMI 1316 - SUPREME COURT], the proceedings in ECIR/HYZO/34/2021, Directorate of Enforcement, Hyderabad Zonal Office are hereby quashed. The criminal petition is allowed.
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