5 months ago
Vehicle Attached Under BUDS Act Can Be Auctioned Before Trial, Priority Is To Distribute Proceeds Among Victims Of Offense: Kerala High Court
Live LawThe Kerala High Court held that to auction a vehicle attached under Banning of Unregulated Deposit Schemes Act, the competent authorities need not wait till the end of the trial. The Court held that the scheme of BUDS Act is to give priority to realise assets in the custody of accused and distribute the proceeds among the victim of the offence. The Court also observed that there are reasonable grounds to assume that the accused bought the vehicle using the proceeds of the offence alleged. The Additional Sessions Court had dismissed the application of the State for the permission to sell the vehicle saying that the sale will prejudice the accused.
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History of this topic
1 year, 2 months ago
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