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Delhi HC uphold constitutional validity of 2nd provision to Section 5(1) of PMLA

Fema/RBI - 03-Apr-2019

J Sekar Vs. Union Of India & Ors (Delhi High Court) Delhi High Court has held as under- (i) The second proviso to Section 5(1) PMLA is not violative of Article 14 of the Constitution of India; the challenge in that regard in these petitions is hereby negatived. (ii) The expression ‘reasons to believe‘ has to meet the safeguards inbuilt in the second proviso to Section 5(1) PMLA read with Section 5(1) PMLA. (iii) The expression ‘reasons to believe‘ in...

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