Judgment on plea challenging PMLA provisions 'almost ready', says SC

The petition says some provisions in the Act are unconstitutional, put a reverse burden on accused, give inspectors wide powers to arrest, and take away the right to silence

The Supreme Court on Friday said that the judgment on the plea challenging the provisions of the Prevention of Money Laundering Act(PMLA) is ‘almost ready’.

Justice AM Khanwilkar said this while hearing the petition filed challenging certain provisions of the 2013 Companies Act.

The Companies Act petition contends that some provisions in the Act are unconstitutional, put a reverse burden on the accused, give inspectors wide powers to arrest, and take away the right to silence.

“List this (Companies Act petition) after the PMLA judgment is delivered. It is almost ready,” the judge said.

The PMLA petition on the