INCOME TAX DEPARTMENT, SERIOUS FRAUD INVESTIGATION OFFICE, ENFORCEMENT DIRECTORATE AND ANTI MONEY LAUNDERING UNIT ARE EXAMINING FEW DEVELOPERS AND BUILDERS ALLEGED TO HAVE LINKS – A NEWS REPORT


A local news report highlighted the alleged tax evasion, illegal activities, prosecutable transactions, money laundering and BENAMI property acquisition and subsequent sale of the properties through this DEVELOPERS AND BUILDERS.

There are serious allegations around few hundred crores only against builders and developers along with a govinda jeweller- benami investment.

Three such names have appeared, but are (innocents and suspects) till they are convicted.

One such leading builder and developer, who has projects across India is associated with a relative of a famous politician and one such major project in Bangalore is marketed with much fanfare, but the buyers are not aware of the BACKGROUND of this Developer in North Bengaluru.

The other two are from a nearby state and any day or someday when LUCK runs out, will be a good SUBJECT for state enquiry and investigation either by CBI or ED or SFIO, ITO or DRI under various sections of the IPC.

Hope common sense prevails and buyers check the antecedents of all the concerned while buying properties.

 

SUADELA CONSTRUCTIONS-HIRANANDANI UPSCALE- ARE THEY CHEATING THE BUYERS?


THE SUADELA CONSTRUCTIONS(HIRANANDANI), DLF HOMES AND ANNABELA PVT LTD HAVE BEEN BOOKED U/S.119,217,218,181,197,420,R/W34 OF INDIAN PENAL CODE, 1860,320,321,321(B) OF KARNATAKA MUNICIPAL CORPORATION ACT OF 1976 OF KARNATAKA AND THEY HAVE OBTAINED A STAY ORDER FROM THE HIGH COURT OF KARNATAKA, IN THIS GIVEN SITUATION, IS IT WISE TO PAY MONEY AND ENTER INTO AN AGREEMENT OF SALE? THIS IS THE QUESTION IN THE MINDS OF MANY BUYERS.

ANOTHER PARALLEL INVESTIGATION IS BEING CONDUCTED ON THE DIRECTIONS BY THE LOKAYUKTA COURT IS UNDERWAY.

THIRD, THE BBMP, JOINT COMMISSIONER HAS CONDUCTED A SURVEY AND THE REPORT HAS BEEN SUBMITTED ON 31-07-2012 HIGHLIGHTING IRREGULARITIES.

SOME OF THE BANKS ARE LITTLE HASTY IN PROCESSING THE LOANS FOR THESE PROJECTS. 

ONE OF THE TOP BUREAUCRAT WAS SUPPOSED TO HAVE BEEN ARRESTED, BUT LUCKILY PULLED THE STRINGS AT THE RIGHT TIME, EVADED THE ARREST, FOR HIS INVOLVEMENT IN THIS CRIMINAL EPISODE. HOPE TONS OF MONEY PLAYING  its WILD ROLE IN COVERING UP THIS MESS, BUT THE LAW HAS OVERTAKEN THE MONEY POWER.  

WHO IS THE ULTIMATE VICTIM-(The sufferer) THE FOOLISH BUYERS !! STILL PAYING MONEY!!!

SUPRME COURT OF INDIA HAS SUPRME POWERS TO DEAL WITH ILLEGALITY- THE BENCH


SUPREME COURT OF INDIA GOES SUPREME – 

THE BENCH WHILE DISPOSING OFF A SUIT SAID THAT The limits of power exercised by the Supreme Court when it chases injustice are the sky itself, when the ordinary law does not meet the demand of justic

“It is plenary power (SUPER POWER) exercisable outside the purview of ordinary law to meet the demand of justice. Article 136 of the Constitution is a special jurisdiction. It is residuary power. It is extraordinary in its amplitude. The limits ofSupreme Court when it chases injustice are the sky itself,” said the Bench of Justice J. M. Panchal and Justice H. L. Gokhale.

The court further stated:

“The appellate power vested in the Supreme Court under Article 136 of the Constitution is not to be confused with the ordinary appellate power exercised by appellate Courts and appellate Tribunals under specific statutes. The powers under Article 136 can be exercised by the Supreme Court in favour of a party evensuo motu when the Court is satisfied that compelling grounds for its exercise exist,” it said.

Justice Panchal said: “Where there is manifest injustice, a duty is enjoined upon this Court to exercise its suo motu power by setting right the illegality in the judgment of the High Court as it is well-settled that illegality should not be allowed to be perpetuated and failure by this Court to interfere with the same would amount to allow illegality to be perpetuated.”

Rejecting the contention that the Supreme Court should not do anything which was not prayed for or challenged, the Bench said: “When an apparent irregularity is found by this Court in an order passed by the High Court, the Supreme Court cannot ignore substantive rights of a litigant while dealing with the cause pending before it. There is no reason why the relief cannot be and should not be appropriately moulded while disposing of an appeal arising by grant of special leave under Article 136 of the Constitution.”

The Bench was of the view that the power under Article 136 “is meant to supplement the existing legal framework. It is conceived to meet situations which cannot be effectively and appropriately tackled by the existing provisions of law.”

The case

In the instant case, the appellant, A. Subash Babu, a police officer in Andhra Pradesh, was alleged to have entered into a second marriage by suppressing the fact of his first marriage which was in subsistence. Aggrieved, the second wife filed a complaint for offences of bigamy, suppression, cheating, dowry and cruelty. The Andhra Pradesh High Court quashed the charges of dowry and cruelty, holding that the second marriage was void but allowed other charges to remain. The present appeal was directed against this judgment.

Dismissing the appeal, the Supreme Court held that the woman with whom the second marriage was contracted by suppressing the fact of former marriage would be entitled to maintain complaint against her husband under Sections 494 and 495 of the Indian Penal Code. Further without any appeal against quashing of charges under Section 498 A, the Bench said it could order reopening it to render justice.