Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
Page of 4817
Press 'Enter' after typing page number.
1161 to 1180 of 96332 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC held that the petitioner is a bona fide purchaser who acquired the property before the predicate offence was registered. A bona fide purchaser who acquires property prior to any predicate offence cannot be subjected to proceedings under the PMLA without evidence of conspiracy or direct involvement. The impugned proceedings against the petitioner were held unsustainable in the peculiar facts of the case. The petition was allowed.
The HC held that the petitioner is a bona fide purchaser who acquired the property before the predicate offence was registered. A bona fide purchaser who acquires property prior to any predicate offence cannot be subjected to proceedings under the PMLA without evidence of conspiracy or direct involvement. The impugned proceedings against the petitioner were held unsustainable in the peculiar facts of the case. The petition was allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
