Supreme Court · 2011 INSC 786 · Decided 8 November 2011
Ashiwin S. Mehta & ANR. v. Union of India & ORS.
- Court
- Supreme Court of India
- Citation
- 2011 INSC 786 · [2011] 14 S.C.R. 1000
- Case number
- CIVIL APPEAL No. 4263/2003
- Decided
- 8 November 2011
- Bench
- D.K. JAIN, A.K. GANGULY (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act
Headnote
Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992: ss. 11, 3(3) and (4) - Attachment of the properties of the Notified persons - Sale of shares - Appellants, their family members and the corporate entities belonging to them purchased more than 90 lakh shares in of the majority of the holding - Order of the Special Court permitting the Custodian to sell 54, 88, 850 shares of '.A' Company at Rs. 901- per share - Correctness of - Held: Special Court failed to make a serious effort to realise the highest possible price for the said shares - Special
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