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1999 (7) TMI 627 - AT - FEMAExtract: ....... is not established by the present holder that he is a bona fide purchaser for adequate consideration, such properties will be liable to be forfeited, even though the transfer took place prior to the issue of notice under section 6 or 10. For all the aforesaid reasons, we uphold the impugned order of the competent authority and dismiss the appeals.
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