DA case: Supreme Court restores order to confiscate properties of six firms
The companies claimed that they are lawful owners of some of the properties which have found mention in the list of assets in the case.india Updated: Feb 14, 2017 21:11 IST
The Supreme Court on Tuesday restored a trial court direction to confiscate properties allegedly registered in the name of six firms, following the conviction of AIADMK general secretary VK Sasikala and others in the disproportionate assets case.
A bench comprising justices PC Ghose and Amitava Roy refused to agree with the submission given by the companies that their properties cannot be confiscated without hearing them, as they have not been placed as accused.
“The decisions cited on behalf of the respondents (Sasikala and others) on this issue, are distinguishable on facts and are of no avail to them,” the apex court said.
The firms, which found mention in the trial court records, are Lex Property Development, Meadow Agro Farms Ltd, Riverway Agro Products Pvt Ltd, Ramraj Agro Mills Ltd, Signora Business Enterprises Pvt Ltd and Indo Doha Chemicals and Pharmaceuticals Pvt Ltd.
The companies claimed that they are lawful owners of some of the properties which have found mention in the list of assets in the case.
The firms claimed that they have been deprived of their right to be heard in the proceedings leading to confiscation of their assets.
First Published: Feb 14, 2017 21:11 IST