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Big relief to Satyendra Jain from Delhi High Court, case closed in Benami property case

Aam Aadmi Party (AAP) leader and Delhi government minister Satyendar Jain got a big relief from the Delhi High Court on Monday in the case of benami property. The High Court has granted relief to Jain by allowing a petition challenging the proceedings against him under the Benami Transactions (Prohibition) Amendment Act. The High Court has closed all proceedings against Jain under the Benami Act. Jain is currently lodged in jail for money laundering.

On Monday, the Chief Minister of Delhi tweeted, “Court dismissed the case against Satyendra Jain. They have forcibly put an honest man in jail for so many months. How good it would be if these people instead of doing fake cases put their time in nation building work!

Significantly, in August, the Supreme Court had said in a judgment that the Benami Transactions (Prohibition) Amendment Act, 2016 cannot already be enforced and the officers can be criminally liable for transactions done before the enactment of the Act. May not initiate or continue confiscation proceedings.

Jain had challenged the proceedings initiated against him under the new benami law in the High Court in 2017. According to Jain, since the alleged benami transaction took place between 2011 and March 31, 2016, the amendment law that came into force in November 2016 would not apply. The next hearing of the case will be on October 10.