2018 (5) TMI 727

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.... No. 8 in the complaint. The following property owned by him by way of Registered Gift Deed is attached in 1st Floor of House NO. 15-1- 469 having total plinth area of 1826 Square Feet together with undivided share of land of 87.19 Square Yards out of total 261.59 square yards situated at Feel Khana, Hyderabad. 2. At present we are only concerned the appeal is filed by minor. With regard to the other attached movable and immovable properties are concerned we do not wish to express any opinion in this matter. The present appeal is an independent appeal filed by the minor. His case is in relation to the property owned by him which was acquired by virtue of Registered Gift Deed has been attached. The following relevant dates are necessary whi....

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....), of which father of the appellant was a director, the banker had taken over credit facilities from M/s. ING Vysya Bank and sanctioned Cash Credit Limit of Rs. 16.00 crores including takeover of Rs. 4.00 crore from M/s. ING Vysya Bank, takeover of Term loans of Rs. 0.77 crore and Rs. 3.30 crore from M/s. ING Vysya Bank. 2010: SBH enhanced credit facilities to M/s SSVOPL from Rs. 16.00 crore to Rs. 20.00 crore 24.11.2014: Central Bureau of Investigation, (BS & FC), Bangalore registered FIR No. RC8(E)/ 2014. 27.02.2016: Central Bureau of Investigation filed charge sheet No. 1/2016 before the Hon'ble XIV Additional Chief Metropolitan Magistrate, Nampally, Hyderabad for offences punishable under Section 120(B) read with Section 420 of th....

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.... the property to him or even it was gifted by the grandfather after the date of involvement of father in the alleged crime. The gift deed is a registered document. 6. Nothing has been discussed in either in the provisional attachment order or in the impugned order. The original birth certificate was produced before us which was also examined by the learned counsel for the respondent who did not deny that on the date of attachment he was not a minor. Even it was the case of the respondent he was a minor and property gifted to him has been attached. 7. It is admitted position that at the time of passing the provisional attachment order and confirmation thereof, both the parties were fully aware that the appellant is a minor who acquired the....