Mere issuance of summons under Section 50 (2) PMLA does not lead to cause of action under Article 226: Kerala High Court The High Court of Kerala stated that no cause of action would arise under Article 226 of the constitution with mere issuance of summons under section 50 (2) of the Prevention of Money Laundry Act, 2002. The court further relied on Kirit Shrimankar v. Union of India, 2014, wherein, the Supreme Court held that no cause of action arises merely for the reason of a person being called upon to state the truth or to make statements and produce documents. Reddy and Reddy Law Firm Pune comprises of a well experienced team of advocates handling matters related to Corporate Law.
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Mere issuance of summons under Section 50 (2) P...
2020-12-24T08:54:37
Mere issuance of summons under Section 50 (2) PMLA does not lead to cause of action under Article 226: Kerala High Court The High Court of Kerala stated that no cause of action would arise under Article 226 of the constitution with mere issuance of summons under section 50 (2) of the Prevention of Money Laundry Act, 2002. The court further relied on Kirit Shrimankar v. Union of India, 2014, wherein, the Supreme Court held that no cause of action arises merely for the reason of a person being called upon to state the truth or to make statements and produce documents. Reddy and Reddy Law Firm Pune comprises of a well experienced team of advocates handling matters related to Corporate Law.
2020-12-24T08:54:37
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