My wife and I are now separated, and I’m concerned about a property I bought in her name. We don’t have any formal documents proving it was my purchase, but during a legal case she filed against me, she admitted under oath that I bought the property. She’s now trying to sell it. Could the Benami Transactions (Prohibition) Act help me reclaim ownership?
Best Answer
The Benami Transactions (Prohibition) Act, 2016, allows you to reclaim ownership of the property if you can prove it was bought in your wife’s name but with your money, even without formal documentation. Her admission under oath could be crucial evidence, but the burden of proof remains on you to establish it was a benami transaction.
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