Current AffairsIndia

Cabinet approves setting up Appellate Tribunal under Prohibition of Benami Property Transactions Act

New Delhi, Oct 25 (IENews) The Union Cabinet chaired by Prime Minister Narendra Modi has approved the appointment of Adjudicating Authority and establishment of Appellate Tribunal under Prohibition of Benami Property Transactions Act(PBPT), 1988.

The approval will result in effective and better administration of cases referred to the Adjudicating Authority and speedy disposal of appeals filed against the order of the Adjudicating Authority before the Appellate Tribunal.

 Appointment of the Adjudicating Authority would provide first stage review of administrative action under the PBPT Act. 

Establishment of the proposed Appellate Tribunal would provide an appellate mechanism for the order passed by the Adjudicating Authority under the PBPT Act.

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