Benami Finding Upheld Where Registered Owner Lacked Financial Capacity: SAFEMA Delhi

Prabhakar Satpathy Vs Initiating Officer (Appellate Tribunal Under SAFEMA Delhi) The Appellate Tribunal under SAFEMA, New Delhi, considered appeals filed under Section 46 of the Prohibition of Benami Property Transactions Act, 1988 (PBPT Act), challenging a common order dated 19.01.2024 passed by the Adjudicating Authority. The Adjudicating Authority had held that the immovable property measuring Ac. 2.000 decimals at Mouza Goudakashipur was a benami property, with Shri Prabhakar Satpathy as the benamidar and his nephews, Shri Prasanta Kumar Dash and Shri Shishir Kumar Sahoo, as the beneficial...