S.42 PLMA Excludes Applicability Of Section 5 Limitation Act, Delay In Filing Appeal Cannot Be Condoned Beyond 120 Days: Bombay High Court

The Bombay High Court dealt with the issue of condoning delays in filing an appeal under the Prevention of Money Laundering Act (PMLA). The case involved the limitation period for filing appeals and the circumstances under which delays could be condoned. The Court ruled that delays beyond 120 days could not be condoned, aligning with the provisions of the Limitation Act. The ruling emphasized the importance of adhering to strict timelines in legal proceedings, particularly in cases involving money laundering. The Court underscored the need for timely action to ensure that cases related to financial crimes are processed efficiently and that justice is not delayed due to procedural lapses.