Appellate house property couldn’t be attached as it had not purchased with proceed of crime

FEMA, BANKING & INSURANCE : Where proceedings under section 5 had been initiated against appellant's husband and accordingly, residential house in which appellant was residing with other family members had been attached, since appellant's case was that said property had been purchased from her own funds and not by accused, i.e., her husband, it was appropriate to release said property with a direction that appellant would deposit certain monthly amount as use and accommodation charges

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000186114/appellate-house-property-couldn’t-be-attached-as-it-had-not-purchased-with-proceed-of-crime.aspx