Supreme Court · 1997 INSC 743 · Decided 19 November 1997
Aamenabai Tayebaly and ORS. v. Competent Authority Under Safema and ORS.
- Court
- Supreme Court of India
- Citation
- 1997 INSC 743 · [1997] SUPP. 5 S.C.R. 246
- Case number
- CIVIL APPEAL No. 11836/1995
- Decided
- 19 November 1997
- Bench
- S.B. MAJMUDAR, M. JAGANNADHA RAO (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act Section 52
Headnote
Smugglers and Foreign Exchange Manipulators (Foifeiture of Property) Act, /976-S2 (2)(c)-The vendor of the immovable property, being the wife of COFEPOSA detenu, is liable to be proceeded under the Act-S2(2)(e)- C Though the purchaser is not covered by this section, the property he purchased from the proceedings under SAFEMA in respect to the said property before the purchase and cannot claim that the purchase was bonafide purchase for value without notice-There was also an undertaking by the vendor to the Court not to D dispose off theproperty and there was .'10 absolute stay granted by
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