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2024 (2) TMI 1090 - SCH - Money LaunderingMoney Laundering - predicate offence - manipulation of shares of the Indiabulls Group to benefit their close associates and diverting crores of public money by funding their own entities - HELD THAT:- It is not deemed necessary to delve into the question of maintainability of these appeals. This is for the reason that the appellant-ED has got efficacious alternative remedies traceable in law, to proceed against respondent nos.1 to 3 or any other person found to be involved in the alleged offences. The appellant-ED can, for such purpose, initiate appropriate independent proceedings notwithstanding the impugned judgments rendered by the High Courts of Bombay and Delhi. The appellant-ED, besides any other remedy as may be available in law, can resort to two independent proceedings such as: (i) approaching the Judicial Magistrate under Section 156(3) of Cr.P.C.; (ii) filing a review petition before the High Court of Bombay to seek clarification of the impugned judgment to the extent that it shall have no effect on the rights of the appellant-ED. Appeal disposed off.
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