1[58Y.Punishment for acquiring property in relation to which proceedings have been taken under this Chapter.— Any person who knowingly acquires, by any mode whatsoever, any property in relation to which proceedings are pending under this Chapter shall be punishable with imprisonment for a term which may extend to five years and with fine which may extend to fifty thousand rupees.]

1. Ins. by Act 16 of 2003, s. 34 (w.e.f. 1-4-2003).