'Can't Be Sustained': Delhi High Court Quashes Proceedings Against Satyendar Jain Under Benami Act [Read Order]
Live LawThe Delhi High Court recently quashed the proceedings initiated against Aam Aadmi Party leader Satyendar Jain under Benami Transactions Amendment Act, 1988. The court took note of a recent Supreme Court ruling wherein it was held that the Benami Transactions Amendment Act 2016 cannot be applied retrospectively and Section 3 of the unamended 1988 Act was declared as unconstitutional for being manifestly arbitrary. On September 20, the court had directed that no action, coercive or otherwise, shall be taken against Jain and others under the Benami Transactions Amendment Act, 2016. Supreme Court Declares Section 3 Of Benami Transactions Prohibition Act As Unconstitutional; 2016 Amendment Act To Have Only Prospective Effect Title: SATYENDAR K JAIN v. THE UNION OF INDIA & ORS Citation: 2022 LiveLaw 961