Supreme Court Recalls Its Judgment Which Struck Down Sections 3 & 5 Of Benami Transactions (Prohibition) Act 1988

The Supreme Court of India recalled its judgment that struck down Sections 3 and 5 of the Benami Transactions (Prohibition) Act, 1988. The court had previously declared these sections unconstitutional, but upon review, it decided to reinstate them. The judgment emphasized the importance of these provisions in preventing benami transactions and ensuring transparency in property ownership. The court’s decision to recall its earlier judgment highlights the judiciary’s role in maintaining the integrity of laws aimed at curbing illegal financial practices and protecting the interests of legitimate property owners.