Certain transfers to be null and void. 122. Where after the making of an order under sub-section (1) of section 117 or theissue of a notice under section 119, any property referred to in the said order or notice istransferred by any mode whatsoever such transfers shall, for the purposes of theproceedings under this Chapter, … Read more
Fine in lieu of forfeiture. 121. (1) Where the Court makes a declaration that any property stands forfeited tothe Central Government under section 120 and it is a case where the source of only a part ofsuch property has not been proved to the satisfaction of the Court, it shall make an ordergiving an option … Read more
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