The Supreme Court on Monday stressed the need to grant bail to the sick or infirm under Prevention of Money Laundering Act (PMLA).
A Bench of Chief Justice of India (CJI) DY Chandrachud and Justices JB Pardiwala and Manoj Misra underscored that while laws like the PMLA are stringent when it comes to grant of bail, the Court must still act within the bounds of legal principles.
"However stringent PMLA is, we have to act in accordance with law. If someone is sick or infirm they can be granted bail. See the medical board report," the Court said.
Accordingly, the Court granted interim bail to Amar Sadhuram Mulchandani, the former Chairman of Seva Vikas Co-operative Bank arrested by Enforcement Directorate (ED) for the offence of money laundering.