Supreme Court of India
Nda Securities Ltd. v. State (nct of Delhi) & Anr.
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.
What the Court ordered
We are of the opinion that the release of the sale value of the concerned shares in favour of respondent no. 2, may cause an irreparable loss to the appellant and vitiate the entire investigation.
Judgment, page 5
From the headnote
Issue for Consideration Whether the High Court was justified in allowing the petition u/s.482 of the CrPC filed by respondent no.2 (through its Director); thereby directing the release of Rs. 15.90 lakhs being withheld by the Bombay Stock Exchange Ltd. (BSE) as payout for sale of certain shares in his favor on superdari subject to him furnishing a Guarantee of the same amount, before the Magistrate Court. Headnotes† Code of Criminal Procedure, 1973 – s.482 – Penal Code, 1860 – ss.420, 120B – In FIR, it was alleged that on 01.04.2013 the appellant received a phone call by a person
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