Forfeiture of property in certain cases. 120. (1) The Court may, after considering the explanation, if any, to the show-causenotice issued under section 119 and the material available before it and after giving to theperson affected (and in a case where the person affected holds any property specified in thenotice through any other person, to … Read more

Notice of forfeiture of property. 119. (1) If as a result of the inquiry, investigation or survey under section 116, theCourt has reason to believe that all or any of such properties are proceeds of crime, it mayserve a notice upon such person (hereinafter referred to as the person affected) callingupon him within a period … Read more

Management of properties seized or forfeited under this Chapter. 118. (1) The Court may appoint the District Magistrate of the area where the propertyis situated, or any other officer that may be nominated by the District Magistrate, to performthe functions of an Administrator of such property.(2) The Administrator appointed under sub-section (1) shall receive and … Read more