When any person is convicted of any offence which includes, or amounts to, theft or receiving stolen property, and it is proved that any other person bought the stolen property from him without knowing or having reason to believe that the same was stolen, and that any money has on his arrest been taken out of the possession of the convicted person, the Court may, on the application of such purchaser and on the restitution of the stolen property to the person entitled to the possession thereof, order that out of such money a sum not exceeding the price paid by such purchaser be delivered to him within six months from the date of such order.
Legal Commentary & Landmark Judgments: Section 499
Section 499 of the Bharatiya Nagarik Suraksha Sanhita, 2023 (corresponding to Section 453 of the CrPC, 1973) provides for the payment of compensation to an innocent purchaser of stolen property out of money found on the convicted accused.
When representing a bona fide buyer of a vehicle or jewel that turned out to be stolen property, move an application under Section 499 at sentencing demanding reimbursement from cash seized from the primary thief.