The App Economy
finance

Paisabazaar gets adverse order under Benami Property Transactions Act

March 31, 2026
1 source
Business Standard
Paisabazaar gets adverse order under Benami Property Transactions Act

Story Summary

Under Section 26(3) of the PBPT Act, the Adjudicating Authority has the power to pass an order holding a property to be “benami” if it determines that the property in question - in this case, transaction-related assets - is held by one person but paid for by another for their own benefit.

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