Forfeiture of property justifiable as major part of investment remained unexplained

Platinum Theatre And Others Vs Competent Authority Smugglers & Oreign Exchange Manipulators (Supreme Court of India) Supreme Court held that forfeiture of property in exercise of power under section 7 of Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 justifiable in absence of proper explanation as to the source of acquisition and as majority of investment remains unexplained. Facts- The instant appeal is directed against the judgment and order passed by Single Judge of the High Court of Karnataka at Bangalore upholding the order passed by the competent autho...