Supreme Court of India
Ashwin S. Mehta and Anr. v. Custodian and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
3 Supreme Court benches have cited this judgment.
What the Court ordered
We are of the opinion that: (i) The contention of the Appellants that they being not involved in offences in transactions in securities could not have been proceeded in terms of the provisions of the Act cannot be accepted in view of the fact that they have been notified in terms thereof.
Judgment, page 35
From the headnote
Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992: Sections 3 and 9- . Notified persons-liabilities-Notified persons consisted of four brothers, their wives and their widowed mother-These notified persons were related to late Harshad Mehta-Properties of late Harshad Mehta and the notified persons stood attached in terms of the provisions of the Act-Notified persons purchased nine residential flats in a building-Special Court allowed the applications filed by the Custodian seeking permission for the sale of residential premises and commercial premises of eight
Authorities it was built on
Where later benches applied it
- 2011 Smt. Rasila S. Mehta v. Custodian, Nariman Bhavan, Mumbai
- 2014 Sadashiv Prasad Singh v. Harendar Singh & Ors.
- 2011 Ashiwin S. Mehta & Anr. v. Union of India & Ors.
Of those, 1 relied on · 2 referred to
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