Certain transfers to be null and void
Full Text
122. Certain transfers to be null and void.—Where after the making of an order under sub-section (1) of section 117 or the issue of a notice under section 119, any property referred to in the said order or notice is transferred by any mode whatsoever such transfers shall, for the purposes of the proceedings under this Chapter, be ignored and if such property is subsequently forfeited to the Central Government under section 120, then, the transfer of such property shall be deemed to be null and void.
Plain English Summary
States that any transfer of property made after an attachment order (Sec 117) or a forfeiture notice (Sec 119) is issued shall be ignored for the purpose of proceedings and deemed null and void if the property is eventually forfeited.
Key Legal Elements
- Invalidation of property transfers after legal notice/order
- Transfers ignored during Chapter VII proceedings
- Retrospective voiding of transfers upon final forfeiture
- Applies to all modes of transfer (sale, gift, mortgage, etc.)
Practical Note
Prevents the 'alienation' of property by the accused to avoid forfeiture. Even if sold or gifted, the government will treat the transfer as non-existent once forfeiture is confirmed.
हिंदी पाठ
122. कुछ हस्तांतरणों का शून्य होना।—जहां धारा 117 की उपधारा (1) के तहत आदेश देने या धारा 119 के तहत नोटिस जारी करने के बाद, उक्त आदेश या नोटिस में निर्दिष्ट किसी भी संपत्ति को किसी भी तरीके से हस्तांतरित किया जाता है, तो ऐसे हस्तांतरणों को इस अध्याय के तहत कार्यवाही के प्रयोजनों के लिए अनदेखा किया जाएगा और यदि ऐसी संपत्ति बाद में धारा 120 के तहत केंद्र सरकार को जब्त हो जाती है, तो ऐसी संपत्ति का हस्तांतरण शून्य माना जाएगा।