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9. Based on these decisions and the decisions of the Madras High Court, the learned counsel has emphasized that on account of the non compliance of the above mandatory requirements, the impugned orders are liable to be set aside.

10. Meeting the above arguments, the learned Special Public Prosecutor appearing for the respondent has filed a memo along with the relevant portion of the charge sheet dated 6.5.2020; Development Right Certificates; a Chart depicting details of the amount paid towards TDRs; Alignment Plan of T.C. Palya Main Road; two registered Deeds of Conveyance of Development Rights and the relevant portion of the Bank account statement relating to Account No.034100201002315 (New No.-510101005674671) of the Valmark Reality Holding Pvt. Ltd. in the Corporation Bank, M.G. Road Branch, Bengaluru.

12. By referring to the copies of the deeds of conveyance, learned Special PP has pointed out that staggering amounts running to crores of rupees has been received by the petitioners; the sale deeds indicate that the petitioners were the sellers and M/s.Valmark Realty Holdings (P) Limited was a confirming party. The said company also acted as a power of attorney of the vendors which again supports the case of the prosecution that the entire transaction has taken place with the active knowledge and connivance of the petitioners in furtherance of the conspiracy to make unlawful gain and further he would submit that the respective amounts credited to the accounts of Valmark Realty Holdings (P) Limited is reflected in the Bank extract which shows that huge amount of Rs.1,62,40,000/-, 1,59,00,000/- 12,50,000/-, 1,65,75,000/- are credited to the account of M/s.Valmark Reality Holdings Pvt. Ltd. on different dates and the said amount being the proceeds of the crime which are directly relatable to the offences alleged against the petitioners, investigating agency was well within its powers to seize the said accounts by taking recourse to Section 102 of Cr.P.C.