PBPT Act Does Not Permit Attachment of Abettor’s Assets Without Benami Finding: SAFEMA  

Shrenik Shah Vs Initiating Officer (Appellate Tribunal Under SAFEMA Delhi) Attachment of Abettor’s Property Invalid Without Proof It Is Benami Property: SAFEMA Tribunal; PBPT Act Does Not Permit Attachment of Abettor’s Assets Without Benami Finding: SAFEMA; SAFEMA Tribunal Says Attachment Can Continue Only Against Benamidar or Beneficial Owner; Property Attachment Quashed Because Authorities Failed to Prove Assets Were Benami; SAFEMA Tribunal Clarifies That Abettors Can Face Prosecution But Not Automatic Property Attachment; Attachment of Bank Accounts and Insurance Policies Set Aside Beca...