Nexus Feeds Limited v. The Adjudicating Authority
Case brief
What is this about?
Writ petitions challenging show cause notices, provisional attachment orders and adjudicating orders under the Prohibition of Benami Property Transactions Act, 1988 concerning transactions predating the 2016 Amendment. Following Nexus Feeds and the Supreme Court in Ganpati Dealcom, the Court held the amendment prospective and quashed the impugned notices and orders.
What did the court decide?
Impugned show cause notices, provisional attachment orders and adjudicating orders set aside and quashed; all writ petitions allowed without costs.