Benami Deal Exposed: Minister-Guaranteed Loan & CRZ Breach Lead to ED Action Upheld

Sadanand Kadam Vs Initiating Officer (Appellate Tribunal Under SAFEMA Delhi) Loan with Minister as Guarantor Exposes Benami Deal -CRZ-Violated Property Turns Costly for Duo – ED’s Benami Action Upheld The appeals were filed by Sadanand Kadam (benamidar) & Anil Dattatreya Parab (beneficial owner) against the Adjudicating Authority’s order dated 13.11.2023 confirming Provisional Attachment Order on a resort property at Murud, Dapoli (Survey No. 446), under the Prohibition of Benami Property Transactions Act, 1988. The property was initially purchased by Anil Parab in May 2017 for ₹1...