once stolen property always it is stolen property. It is the law right from British regime. Law was not changed till now india. So, whether you purchased a stolen property from any one knowingly or unknowingly it the characteristic won't be changed. only exception is legal tender money. i.e. Currency notes. The law is clear so, whether it is bad ESN phone or Stolen GsM phone, once it is stolen, always it is stolen property in the hands of other persons, who is not original owner. The only law in this regard I found till date is Environment protection act and the rules made there under with regard used electronic items. I am here with providing the link of rules and some useful info https://www.dropbox.com/s/hjf31o1bs4pubbl/ewaste%20rules.pdf?dl=0 https://www.dropbox.com/s/05s6mlum7qoxs5s/guidelines-e-waste.pdf?dl=0
https://www.dropbox.com/s/l58y64yz4d9aisg/cyberlaws_in_India-libre.pdf?dl=0
https://www.dropbox.com/s/hxxo15ubzbfh6sq/SSRN-id1864572.pdf?dl=0
https://www.dropbox.com/s/vk4xppznme6eehk/7_years_of_Indian_Cyber_Lawfed1ab84-8488-4209-a089-604d1dc5af2f.pdf?dl=0