The court held that beneficial provision of S.479(1) of Bharatiya Nagarik Suraksha Sanhita, which corresponds with S.36A of CrPC, will apply to prosecution under PMLA
The Supreme Court on Friday (October 18) granted bail to Badshah Majid Malik, an alleged red sanders smuggler, in a money laundering case under the Prevention of Money Laundering Act (PMLA), 2002.A bench of Justice Abhay Oka and Justice Augustine George Masih granted bail on the ground that he had served more than one-third of the maximum sentence for the offence
The first proviso to Section 479 of the Bharatiya Nagarik Suraksha Sanhita (BNSS) states that first-time offenders can be released on bail if they have been detained for up to one-third of the maximum imprisonment period:
