https://www.taxtmi.com/caselaws?id=112636 The article explains that under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, properties of notified persons are treated as automatically attached from the date of notification, and attachment under section 3(3) is not defeated merely because the property was acquired outside the securities-scam period or lacks a direct tainted-funds nexus. It further states that section 4(1) is aimed at third-party name-lending transactions, while properties acquired by notified persons themselves, including through family members or fronts, fall within section 3. It also notes that inadequate consideration of the appellants' material justified remand for fresh decision. en-us Fri, 07 Aug 2009 00:00:00 +0530 Tue, 04 Oct 2016 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112636 The article explains that under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, properties of notified persons are treated as automatically attached from the date of notification, and attachment under section 3(3) is not defeated merely because the property was acquired outside the securities-scam period or lacks a direct tainted-funds nexus. It further states that section 4(1) is aimed at third-party name-lending transactions, while properties acquired by notified persons themselves, including through family members or fronts, fall within section 3. It also notes that inadequate consideration of the appellants' material justified remand for fresh decision. Case-Laws Companies Law Fri, 07 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112636