Bail u/s. 45 of PMLA granted due to prolonged custody: Delhi HC

Ajay Yadav Vs Directorate of Enforcement (Delhi High Court) Delhi High Court held that bail under section 45 of the Prevention of Money Laundering Act, 2002 [PMLA] is granted due to prolonged incarceration/ custody. Accordingly, bail application allowed. Facts- The present ECIR arises out of FIR registered with CBI on a complaint filed by the then Chief Manager of Punjab National Bank against M/s Sunstar Overseas Ltd. (SOL) and its Directors. As per the FIR, accounts of five banks, namely, PNB, ICICI Bank, IDBI Bank and State Bank of India were declared Non-Performing Assets. It was alleged th...