2024 (1) TMI 1439 - SCH - Benami Property

Prohibition of Benami Property Transactions - Attachment order passed u/s 24(3) of the Benami Transactions (Prohibition) Amendment Act - As decided by 2022 (9) TMI 524 - GUJARAT HIGH COURT as held authorities cannot initiate or continue criminal prosecution or confiscation proceedings for transactions entered into prior to the coming into force of the 2016 Act viz. 25.10.2016 and as a consequence thereof all such prosecutions and confiscation proceedings which had been initiated came to be quashed. Prosecution and initiation of proceedings in the instant case being pursuant to the Amendment Act impugned attachment order stan HELD THAT - There is a gross delay of 359 days in filing the Special Leave Petition. The issues which arise in this case are covered by the judgment of this Court in Union of India Anr. vs. M/s. Ganpati Dealcom Pvt. Ltd. 2022 (8) TMI 1047 - SUPREME COURT Special Leave Petition is dismissed both on the ground of delay as well as on merits.

Summary

The Supreme Court, with Hon'ble Justices B. V. Nagarathna and Augustine George Masih presiding, dismissed a Special Leave Petition due to a significant delay of 359 days in filing. The issues raised were already addressed in a prior judgment of the Court. The dismissal was based on both the delay and the lack of merit in the petition. Pending applications were also disposed of accordingly.