+91 7090247247
User Login/Sign Up

Free Deeds & Drafts
Partner Login/Sign Up

Propertified Direct

Realtors
- - RERA Consultation
  - Agents - Resdential
  - Agents - Paying Guest
  - Agents - Land
  - Agents - Institutions
  - Agents - Commercial
  - Agents - SEZs & Corporates
  - International Agents
Builders
- - Builders - Residential
  - Builders - Commercial & Industrial
  - Developers - Commercial & Industrial
  - Builders -Institutional
  - Developers - Residential
  - Builders - SEZs & Corporates
  - Developers - Institutional
  - Developers - SEZs & Corporates
Property Managers
- - Residential Property Management
  - Commercial Property Management
  - NRI Property Management
Legal & Drafting
- - Legal Opinion (Written)
  - Affidavits
  - Property & Documents Inspection
  - Registration Assistance
  - Agreements/Deeds
  - Lease/Rental Agreements
  - Procure Revenue Documents
  - Packages
  - Utility/Property Payments
  - Power of Attorneys
  - Wills
    - Make A will
    - Make A Codicil
  - Consultation on Property
    - Property Buying
    - Property Selling
  - Construction Approvals
    - Residential
    - Commercial
  - Notary & Attestation Services
NRI Services
- - Property Search
    - Land And Property Search
  - Propert Transfer
    - Land and Property Transfer
  - Property Partition
    - Partition of Land And Property
  - Landlord Tenant Disputes
    - Landlord Tenant Disputes
  - Property Disputes
  - Buying Selling of Property in India
    - Buying/Selling of Property in India
  - Investment/Realestate Claims
    - Investment/Realestate Claims
  - Succession Certificate
    - Succession Certificate
  - Power of Attorneys for NRIs
    - General Power of Attorney by NRI
    - Special Power of Attorney by NRI
Corporate Services
- - SEZ Approvals
  - Project Approvals
  - CREDAI Registration
    - CREDAI Registration Assistance
  - Forming Owners Associations/Societies
    - Apartments
    - Layouts
  - Land Sourcing
Architects
- - Residential & More
  - Commercial & Industrial
  - Institutional
  - SEZs & Corporates
Surveyers
- - Expert & Residential
  - Commercial & Industrial
  - Institutional
  - SEZs & Corporates
Engineers
- - Chartered Engineers
  - Design Engineers
  - Structural Engineers
  - Civil Engineers
Valuers
- - Residential
  - Commercial & Industrial
  - Institutional
  - SEZs & Corporates
Interiors
- - Expert
  - Residential
  - Commercial & Industrial
  - Institutional
Contractors
- - Civil
  - Expert/Custom
  - Borewell
  - Fabrication
  - Flooring
  - Other/More
  - Roofing
Loans
- - Residential Loans
  - Institutional Loans
  - Corporate Loans
  - Commercial & Industrial
Vastu
- - Residential Vastu
  - Commercial & Industrial Vastu
  - Institutional Vastu
  - SEZs & Corporates Vastu

Latest News

Back

Money Laundering Law Overshadow The Bankruptcy Act, Says Delhi HC

Courtesy/By: Mariya Paliwala | 15 Apr 2019

The Delhi HC has affirmed that the Prevention of Money Laundering Act prevails over both the Bankruptcy Act and insolvency code when it comes to the attachment of properties obtained as the proceeds of crime.

The court said that all the laws such as Prevention of Money Laundering Act (PMLA), Securitisation and Reconstruction of Financial Asset and Enforcement of Security Interest Act (SARFAESI), Recovery of Debt and Bankruptcy Act (RDBA) must co-exist and must prevail in harmony with PMLA.

Moreover, Justice Gauba in his judgment said that all these laws must prevail in harmony and no Act or Law must be derogated while enforcing the other.

The court passed the verdict on the batch of appeals filed by the Enforcement Directorate (ED) in contradiction with the orders of the Tribunals. The appeal in the HC was filed by ED, Amit Mahajan, the Advocate of ED, challenged the orders of the tribunal on the basis of third party rights attached to the property. However, the Tribunal was of the view that bank is considered to be the third party which, has a right of lien, charge, encumbrances, etc. and banks have the upper hand in the properties.

Wherefore, the HC kept aside the order passed by the tribunal and PMLA has the superior stand over the other Acts such as SARFAESI, RDBA and IBC and perhaps the PMLA prevails over the other Acts.

Courtesy/By: Mariya Paliwala | 15 Apr 2019