Section 8 of EPA : Section 8: Powers Of Custodian In Respect Of Enemy Property Vested In Him

Explanation using Example

Imagine a scenario where a property in Mumbai, India, once belonged to a citizen of a country that was engaged in a war with India. The citizen is now considered an "enemy" under the Enemy Property Act, 1968, due to the hostilities. As a result, their property in Mumbai has been vested in the Custodian of Enemy Property for India.

Under Section 8 of the Act, the Custodian decides to lease out the property to a local business to ensure it remains productive and does not fall into disrepair while it is under government control. The Custodian fixes a monthly lease rent, collects it from the business, and uses the funds to maintain the property, pay local taxes, and cover any other necessary expenses. The Custodian may also defend against any legal claims made by others who assert rights over the property, ensuring it remains protected until a final decision is made regarding its disposition in accordance with the Act.