Sr Counsel Sree charan appeared for Kathir Anand and Mrs. M.Sheela SPP. IT appeared for the Income Tax ( BPU ) and the Adjudicating Authority . GRSJ order

[25/05, 18:35] sekarreporter1: DMK MP Kathir Anand
and another DMK functionary Poonjolai Srinivasan approached the vacation bench of the Madras HC seeking to stay the Benami Proceedings before the Adjudicating Authority and stay the Provisional attachment Order made by the Benami Unit for the cash of Rs 11,48,51,500 . The cash pertains to the elections in 2019 when the IT Dept conducted a search and found the cash in a godown .
The Benami Unit attached the cash in Dec 2023 as per the provisions of the Benami Act holding Kathir Anand as the Beneficial Owner and one Poonjolai Srinivasan as the Benamidar and referred the matter to the Adjudicating Authority (PBPT)
Both approached the HC , seeking to stay the notice of the Adjudicating Authority and the further proceedings before the Adjudicating Authority . The HC refused to stay of the Adjudication proceedings or the provisional attachment Order made by the Benami Unit .
The cash of Rs 11, 48,51, 500/- attached by the Benami Unit of the Income Tax Dept, and the reference to the Adjudicating Authority continues. .
The HC has restrained the Adjudicating Authority in passing the final Order. . There is a one year period for passing such Order . Shri Kathir Anand has been directed to participate in the adjudication proceedings and file his reply failing which there will be no restraint in passing the final Order by the Adjudicating Authority .
kathir Anand or his representative has to appear for enquiry and file his reply and participate in the adjudication proceedings before the Adjudicating Authority without fail.
Justice Swaminathan has refused to grant stay of the Adjudication proceedings or the provisional attachment Order.
Sr Counsel Sreecharan appeared for Kathir Anand and Mrs. M.Sheela SPP. IT appeared for the Income Tax ( BPU ) and the Adjudicating Authority .
[25/05, 18:35] sekarreporter1: 👍