Supreme Court · 2004 INSC 498 · Decided 6 September 2004
L.S. Synthetics LTD. v. Fairgrowth Financial Services LTD. and ANR.
- Court
- Supreme Court of India
- Citation
- 2004 INSC 498 · [2004] SUPP. 4 S.C.R. 109
- Case number
- CIVIL APPEAL No. 4268/2003
- Decided
- 6 September 2004
- Bench
- N. SANTOSH HEGDE, S.B. SINHA, A.K. MATHUR (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Limitation Act Section 29(2)
Headnote
Special Courts Trial of Offences relating to Transactions in Securities Act, 1992-Sec 9A-Jurisdiction of-For recovery of sums due to notified party-Held, not confined to securities and illegal transactions alone-Held, further proceedings can be initiated at the instance of Notified Person- . to the notified person shall be subject to attachment. Limitation Act, 1963-Section 29(2)-Provisions of-Held not applicable for transactions under the Act of 1992. A notification was issued by the Custodian notifying Respondent No.l as a notified party in terms of the provisions of the Special
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