Supreme Court of India

Maksud Saiyed v. State of Gujarat and Ors.

Neutral citation

Reported as [2007] 9 S.C.R. 1113

Bench S.B. Sinha J.

Decided 18 September 2007

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.

17 Supreme Court benches have cited this judgment.

What the Court ordered

In view of the above, my client has not acted with malafide intention and has not concealed or suppressed any material facts against the interest of the public at large and investors in particulars.

Judgment, page 7

From the headnote

Penal Code, 1860-ss. 120B, 425, 191, 192, 177, 188 and 500- Transaction between a Bank and a Company-Suit in Civil Court by company against Bank for recovery of certain amount-Floating of public issue by the Bank vide a prospectus-Prospectus wrongly stating pendency of suit to be before Debt Recovery Tribunal-However other particulars of the prospectus were correct-Criminal complaint by Director of Company-Against the Bank, its Directors and Managing Director-Alleging false information in the prospectus-Judicial Magistrate finding case of defamation directing Police Investigation-Application

Where later benches applied it

2025 Anil Khandelwal Etc. v. Phoenix India and Anr. relied on
2021 Ravindranatha Bajpe v. Mangalore Special Economic Zone Ltd. & Others Etc. relied on
2020 Sushil Sethi and Another v. The State of Arunachal Pradesh and Others relied on
2019 G H Shiv Kumar Jatia v. State of Nct of Delhi relied on
2016 Hdfc Securities Ltd. & Ors. v. State of Maharashtra & Anr. relied on
2013 Anil Kumar & Ors. v. M. K. Aiyappa & Anr. relied on
2025 Kallu Nat Alias Mayank Kumar Nagar v. State of U.P. and Anr. referred to
2023 Kailash Vijayvargiya v. Rajlakshmi Chaudhuri and Others referred to
2022 Sri Narendra Kumar A. Baldota v. The State of Karnataka referred to
2018 Manju Surana v. Sunil Arora & Ors. referred to
2015 Sharad Kumar Sanghi v. Sangita Rane referred to
2015 Sunil Bharti Mittal v. Central Bureau of Investigation referred to
2013 M/s. Ghcl Employees Stock Option Trust v. M/s India Infoline Limited referred to
2021 Kapil Agarwal and Others v. Sanjay Sharma and Others mentioned
2017 K. Sltaram & Anr. v. Cfl Capital Financial Service Ltd. & Anr. mentioned
2014 Biswanath Ghosh (dead) by Lrs. and Others v. Gobinda Ghosh Alias Gobindha Chandra Ghosh and Others mentioned
2008 S.K. Alagh v. State of U.P. & Ors. mentioned

Of those, 6 relied on · 7 referred to · 4 mentioned

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