This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Order of attachment of property purchased using proceeds of crime cannot be violative of right to property under Constituition
Case Law Details
- Case Name
- Triad Trading Services P. Ltd. Vs Union of India (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Triad Trading Services P. Ltd. Vs Union of India (Madras High Court)W
Conclusion: A person who has purchased the property using proceeds of crime cannot said to have any interest in the property and the protection under Article 300 A cannot be pressed into service by a perpetrator of a crime. Mere order of attachment could not be said to be violative of the constitutional right to property of the Article 300 A of the Constitution of India.
Held: A provisional attachment order was passed which included the properties of assesse. It was found that money stipend from the Bank had been routed th...
