2022 (8) TMI 1467 - SCH - Benami Property

Benami transaction - indulgence in prohibited transactions - second appellant passed an order provisionally attaching the property of the respondent company under Section 24(4)(b)(i) of the Act pending adjudication by the first appellant - period of limitation for filing an appeal - HELD THAT - In terms of our order 2022 (4) TMI 1575 - SUPREME COURT it is stated that the appellants have preferred an appeal under Section 46 of the Prohibition of Benami Property Transactions Act 1988. In view of the aforesaid position we clarify that the observations made in the impugned judgment on merits would not in any way affect the decision of the appeal and would not be treated as findings on merits. Further it will be open to the appellants to rely upon the judgment of Union of India v. Ganpati Dealcom Pvt Ltd. 2022 (8) TMI 1047 - SUPREME COURT Recording the above the appeal is allowed in the aforesaid terms without making any comments on the merits.

Summary

The Supreme Court allowed the appeal under Section 46 of the Prohibition of Benami Property Transactions Act, 1988. The observations in the impugned judgment will not affect the decision of the appeal. Appellants can rely on the judgment titled "Union of India v. Ganpati Dealcom Pvt Ltd." 2022 SCC OnLine SC 1064. No comments were made on the merits of the case.