
The court nullified the proceedings initiated by a special court in August 2014, which were based on a prosecution complaint filed by the ED against Jain. The origin of the ED's investigation was a complaint lodged at Vile Parle police station by a property purchaser, alleging breach of agreement and cheating by Jain. However, Justice Jadhav observed that the allegations did not substantiate a case under the Prevention of Money Laundering Act (PMLA), thereby rendering the ED's actions unwarranted.