Search & Seizure of Undisclosed income deposited into A/c of 3rd party

1. The main argument on merits by both Petitioners is that without a search warrant in their respective names, and without there being a demand raised and finalised, there is no power under Section 132 read with Section 132B of the Act to require RBL to issue a DD favouring the Department for the balance sum lying in the account that has been frozen. 2. There is a fallacy as to the presumption of the Petitioners in both the writ petitions that monies lying in their bank accounts cannot possibly belong to Mr. Mukkar in whose name the search authorization had been issued. Prima facie there appea...