Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / TMI Blogs / RSS

Appeals allowed: provisional attachment set aside; bona fide purchasers protected; limitation extended under Section 14 principles

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The AT allowed the appeals, modified the impugned confirmation of a provisional attachment order and granted condonation of delay, holding appellants to be bona fide purchasers without collusion with vendors. The Tribunal found the Respondent negligent in failing to give requisite public notice, affix conspicuous notice or take physical possession post-confirmation, and noncompliant with procedural Rules governing possession and publication, thereby prejudicing subsequent purchasers and third-party lenders. In consequence, the limitation period was extended under Section 14 principles from date of appellants' knowledge, both contested issues were decided for the appellants, and the Adjudicating Authority's order was set aside insofar as it affected the appellants' transactions.....