FINAL ORDER

12.08.2025

Dictated by: Rajesh Malhotra

Present appeal under Section 46 of the Prohibition of Benami Property Transaction Act, 1988, is filed by the Appellant against the Order dated 18.05.2018, passed by the Ld. Adjudicating Authority, in reference No. R-35/2017, under Section 26 (3), of the PBPT Act, 1988, whereby, the Provisional Attachment Order dated 21.04.2017 passed by the Initiating Officer (I.O.) under Section 24 (3) of PBPT Act, was confirmed.

The detail of the property of the Appellant is as under: -

2. As per the facts of the case, I.O. received information from Investigation Directorate of Mumbai that Mr. Bikramjeet Ram has used his bank accounts to deposit old notes of denomination of Rs 500/- and Rs. 1,000/- belonging to M/s Om Samriddhi Banquet & Hospitality LLP, Address: Banquet Hall No. 1, 5th Floor, Phirozshah Mehta Road, Santacruz West, Mumbai-54). The demonetized notes were deposited into bank accounts of his proprietorship concern, namely M/s Vikram Trading. The amount so deposited was later-on transferred to account of Cooperative Bank, Santacruz West, Mumbai - 400054 with account no. 002812100018645.

Mr. Bikramjeet Ram, during the course of his stateme