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

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