https://www.taxtmi.com/caselaws?id=40185 SC held that section 4(1) applies to bar suits instituted after its commencement even if the underlying benami transactions predate the provision, but it does not extinguish substantive rights or pending suits instituted before coming into force. The Act is not declaratory or curative; it creates new substantive rights for benamidars and liabilities for real owners. The Division Bench's application of sections 4(1) and 4(2) to suits filed prior to their commencement was erroneous, and an earlier decision to the contrary is disapproved. Matters are remitted to a Division Bench for merits adjudication. en-us Tue, 31 Jan 1995 00:00:00 +0530 Thu, 16 Oct 2025 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40185 SC held that section 4(1) applies to bar suits instituted after its commencement even if the underlying benami transactions predate the provision, but it does not extinguish substantive rights or pending suits instituted before coming into force. The Act is not declaratory or curative; it creates new substantive rights for benamidars and liabilities for real owners. The Division Bench's application of sections 4(1) and 4(2) to suits filed prior to their commencement was erroneous, and an earlier decision to the contrary is disapproved. Matters are remitted to a Division Bench for merits adjudication. Case-Laws Benami Property Tue, 31 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40185