The power to declare encumbrance void under Section 9 of the Prevention of Money Laundering Act, 2002…
The first proviso to s.9 gives the power to "the Special Court or the Adjudicating Authority, as the case may be", after hearing interested persons. The Director…
Choose your answer
The power to declare encumbrance void under Section 9 of the Prevention of Money Laundering Act, 2002 is vested in-
Answer and explanation
Correct answer C
The first proviso to s.9 gives the power to "the Special Court or the Adjudicating Authority, as the case may be", after hearing interested persons. The Director investigates and the Administrator only manages and disposes of confiscated property; neither can declare an encumbrance void.