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
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