https://www.taxtmi.com/caselaws?id=197671 The Supreme Court held that Section 4 of the Benami Transactions (Prohibition) Act, 1988 does not apply retroactively to suits filed before the Act's enactment. The Court determined the first Appellant as the real owner of the property, nullified the sale deed executed by Defendant No. 2, and presumed service of notice to Defendant No. 3. Consequently, the Court allowed the appeal, reinstated the first appellate court's decision, declared the first Appellant as the property owner, issued a permanent injunction against Defendants, and awarded compensation and costs accordingly. en-us Fri, 21 Jan 2011 00:00:00 +0530 Mon, 01 May 2023 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197671 The Supreme Court held that Section 4 of the Benami Transactions (Prohibition) Act, 1988 does not apply retroactively to suits filed before the Act's enactment. The Court determined the first Appellant as the real owner of the property, nullified the sale deed executed by Defendant No. 2, and presumed service of notice to Defendant No. 3. Consequently, the Court allowed the appeal, reinstated the first appellate court's decision, declared the first Appellant as the property owner, issued a permanent injunction against Defendants, and awarded compensation and costs accordingly. Case-Laws Benami Property Fri, 21 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197671