Benami Transactions (Prohibition) Act, 1988 – Sections 3 and 4 – It is well-settled that intention of the parties is the essence of the benami transaction and the money must have been provided by the party invoking the doctrine of benami.
SUPREME COURT OF INDIA DIVISION BENCH M/S FAIR COMMUNICATION AND CONSULTANTS AND ANOTHER — Appellant Vs. SURENDRA KERDILE — Respondent ( Before : Indira Banerjee and S. Ravindra Bhat, JJ.…

