Tag Archives: BPU

Bank Account Transfers from Shell Entities Devoid of Genuine Business and Unexplained Goods Supply Constitute Benami Transactions Under PBPT Act

By | November 10, 2026

Bank Account Transfers from Shell Entities Devoid of Genuine Business and Unexplained Goods Supply Constitute Benami Transactions Under PBPT Act Issue Whether cash deposits during demonetisation routed through defunct entities to the appellant constitute benami transactions under Section 2(9)(A) of the PBPT Act, 1988, warranting provisional attachment under Section 24, and whether the deletion of… Read More »

Provisional Attachment Order under PBPT Act Quashed due to Approval Preceding Section 24 Notice

By | September 28, 2026

Provisional Attachment Order under PBPT Act Quashed due to Approval Preceding Section 24 Notice Issue Whether a Provisional Attachment Order and its subsequent confirmation under Section 24 of the Prohibition of Benami Property Transactions Act, 1988 are valid when the approval of the Approving Authority under Section 24(3) was obtained prior to issuing the foundational… Read More »