Posted inBlog
SAFEMA Rules Layered Loans for Promoter Shares Are Benami Transactions
Discover how the SAFEMA tribunal confirmed the attachment of benami shares acquired through complex layered loans and dummy ownership structures.
Posted inBlog
SAFEMA Tribunal Upholds PMLA Asset Attachment in Rajeev Nayan Mishra Case
The SAFEMA Tribunal dismisses Rajeev Nayan Mishra appeal, upholding the PMLA asset attachment and rejecting claims regarding non-supply of RUDs.
Posted inBlog
SAFEMA Tribunal Sets Aside Benami Jewellery Attachment Over Procedural Lapse
The SAFEMA Tribunal cancels a 1.07 crore rupee benami jewellery attachment, ruling that prior approval before the Section 24 notice invalidates proceedings.
Posted inBlog
PMLA Attachment Valid on Properties Held by Non-Accused Individuals: SAFEMA Tribunal
SAFEMA Tribunal rules that Prevention of Money Laundering Act attachments can legally cover properties held by individuals not named as accused.
Posted inBlog
SAFEMA Tribunal Sets Aside Most Penalties on BCCI, Lalit Modi & SBI in IPL-2 FEMA Case
The Appellate Tribunal for SAFEMA in New Delhi delivered a significant ruling concerning the foreign exchange management violations tied to the second season of the Indian Premier League. Official reports…