Supreme Court of India · 2023-03-22
M/S PLATINUM THEATRE vs COMPETENT AUTHORITY SMUGGLERS AND FOREIGN EXCHANGE MANIPULATORS (FORFEITURE OF PROPERTY), ACT, 1976
- Citation / case number
- SC 2007/14888
- Court
- Supreme Court of India
- Petitioner
- M/S PLATINUM THEATRE
- Respondent
- COMPETENT AUTHORITY SMUGGLERS AND FOREIGN EXCHANGE MANIPULATORS (FORFEITURE OF PROPERTY), ACT, 1976
- Author
- HON'BLE MR. JUSTICE AJAY RASTOGI
- Bench
- HON'BLE MS. JUSTICE BELA M. TRIVEDI HON'BLE MR. JUSTICE AJAY RASTOGI
Judgment text excerpt
The Supreme Court examined the validity of a forfeiture order under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976, upheld by the High Court. The case involved the detention and subsequent forfeiture of property linked to a partner detained under COFEPOSA, which was challenged on procedural and substantive grounds. The Court analyzed the legal procedures and the grounds for forfeiture, ultimately affirming the order. The judgment underscores the importance of adherence to statutory provisions in forfeiture proceedings under the Act.