APN News

  • Thursday, November, 2019| Today's Market | Current Time: 09:34:41
  • The Centre has issued the notification that Sessions Courts in 34 states and union territories, will act as Special Courts for the trial of offences under the benami transaction law.

    Benami transaction refers to transactions made in a fictitious name, or the owner is not aware of the ownership of the property, or the person paying for the property is not traceable.

    The notification by the Finance Ministry said the special courts were notified after consultation with Chief Justices of High Courts under the Prohibition of Benami Property Transactions Act, 1988 for the trial of offences punishable under the provision of the Act.

    In case of National Capital Territory of Delhi, Courts of Additional Sessions Judge in each district have been designated as the special court.

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