Order of attachment of property purchased using proceeds of crime cannot be violative of right to property under Constituition

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...