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

Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides remain unresolved.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Third-party claims to attached property under the Prevention of Money Laundering Act require adjudication before the Special Court where purchasers rely on agreements to sell but hold no registered sale deeds. The Tribunal noted that the available material could not conclusively establish whether the purchasers were bona fide or colluded with the principal accused, despite possible vendor misdeclaration that plots remained unsold. Purchasers may pursue their ownership and release claims before the Special Court, while the Enforcement Directorate may verify the claims and report to that Court; no final finding on bona fides or ownership was made.....