High Court Can't Direct ED To Register ECIR Merely On Prima Facie Finding That Predicate Offence Existed : Supreme Court

The Supreme Court recently set aside a direction passed by the Kerala High Court to the Enforcement Directorate to register a case under the Prevention of Money Laundering Act in an alleged Co-operative bank fraud case.The High Court could not have passed a "drastic order" to register an Enforcement Case Information Report (ECIR) merely on the basis of a prima facie conclusion that a...