Supreme Court of India

M/s. Platinum Theatre and Others v. Competent Authority Smugglers & Foreign Exchange Manipulators (forfeiture of Property) Act, 1976 and Another

Neutral citation
Reported as [2023] 3 S.C.R. 1084
Bench Ajay Rastogi and Bela M. Trivedi JJ.
Decided 22 March 2023

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Smugglers and Foreign Exchange Manipulators (Forfeit ure of Property) Act, 1976 – ss. 2, 6, 7, 8, 9 – Conservation of Foreign Exchange and Prevention of Smuggling Activities Act , 1974 (COFEPOSA) – Appellant no.1-registered partnership firm comprising of appellant nos. 2 to 5 were holding the subjec t theatre – According to the finding recorded by the competen t authority, more than 50% of the value assessed (i.e. Rs.13.12 lakhs) of the theatre has remained unexplained and accordingly the theat re was liable for forfeiture u/s. 7 of the Act, 1976 – Aggr ieved by it, the partners approached

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