Supreme Court of India

Premanand R. Shenoy v. Custodian and Ors.

Neutral citation
Reported as [2009] 9 S.C.R. 599
Decided 26 May 2009

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.

10 Supreme Court benches have cited this judgment.

What the Court ordered

In view of the aforesaid discussion, we find no infirmity in the order passed by the Special Court.

Judgment, page 12

From the headnote

Special Court (Trial of Offences Relatingi to Transactions in Securities) Act, 1992: s.5 - Respondent company was declared notified person of which appellant became the· director immediately after demise of his father - Custodian concluded that respondent company financed Rs.2.83 lacs for purchase of a jeep for appellant - Custodian came to -­ finding that appellant, being director of respondent company o was aware that jeep was purchased in his name for which, consideration was paid by respondent company - On application filed by Custodian, Special Court directed appellant to pay Rs. 2. 83

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