What was SC’s Pankaj Bansal ruling in 2023, which paved the way for release of NewsClick editor Prabir Purkayastha?

In finding the arrest of NewsClick founder editor Prabir Purkayastha invalid and ordering his release on Wednesday (May 15), the Supreme Court Bench of Justices B R Gavai and Sandeep Mehta relied on the 2023 ruling of the top court in Pankaj Bansal vs. Union of India. What was this case and what did the court rule?

The Pankal Bansal ruling

On October 3, 2023, a Bench of Justices A S Bopanna and Sanjay Kumar held that “to give true meaning and purpose to the constitutional and the statutory mandate of Section 19(1) of the [Prevention of Money Laundering Act (PMLA)] of 2002 of informing the arrested person of the grounds of arrest,…