Pankaj Bansal Verdict: Karnataka Contends ED’s Obligation to Supply Written Arrest Reasons Applies Only Prospectively in Supreme Court
The Supreme Court is hearing an important legal issue which is pressed out because of the arrest of Pankaj Bansal by the Enforcement Directorate (ED). Karnataka states that the ED is only liable to give reasons for its arrest in written form prospectively as held by the Supreme Court in Pankaj Bansal v. Military of India. This might influence many current probes that are going on under the Prevention of Money Laundering Act (PMLA).