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Third-party claims to attached property under the Prevention of...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides remain unresolved.
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Third-party claims to attached property under the Prevention of Money Laundering Act require adjudication before the Special Court where purchasers rely on agreements to sell but hold no registered sale deeds. The Tribunal noted that the available material could not conclusively establish whether the purchasers were bona fide or colluded with the principal accused, despite possible vendor misdeclaration that plots remained unsold. Purchasers may pursue their ownership and release claims before the Special Court, while the Enforcement Directorate may verify the claims and report to that Court; no final finding on bona fides or ownership was made.
Third-party claims to attached property under the Prevention of Money Laundering Act require adjudication before the Special Court where purchasers rely on agreements to sell but hold no registered sale deeds. The Tribunal noted that the available material could not conclusively establish whether the purchasers were bona fide or colluded with the principal accused, despite possible vendor misdeclaration that plots remained unsold. Purchasers may pursue their ownership and release claims before the Special Court, while the Enforcement Directorate may verify the claims and report to that Court; no final finding on bona fides or ownership was made.
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