SC recalls 2022 verdict terming benami law provisions 'unconstitutional'

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In a significant development, the Supreme Court on Friday recalled its 2022 verdict that had declared as unconstitutional two provisions of the law on prohibition of benami property transactions that restrains such deals and acquisition of properties by authorities.

In its August 2022 verdict, the top court had then held that Sections 3(2) and 5 of the Prohibition of Benami Property Transactions Act, 1988 being "manifestly arbitrary" were unconstitutional.

Allowing the Centre's review of the August 23, 2022 verdict, a bench Chief Justice of India (CJI) D Y Chandrachud, Justices P S Narasimha and Manoj Misra recalled the judgement delivered by a three-judge bench headed by former CJI N V Ramana.

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Category: BusinessFinance

Markets: India

Topics: SC recalls 2022 verdict declaring benami law provisions unconstitutional

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Published On: 2024-10-18 @ 16:37:08 (7 hours ago)

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