Supreme Court · 2008 INSC 354 · Decided 13 March 2008
M/S Neeldeep Investments (P) LTD. v. The Custodian & ORS.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 354 · [2008] 5 S.C.R. 87
- Case number
- CIVIL APPEAL No. 1528/2005
- Decided
- 13 March 2008
- Bench
- C.K. THAKKER, ALTAMAS KABIR (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992 - s. 10 - Recovery petition by Custodian on behalf of Notified party from Judgment debtor - c Notified Party and his son-noticee majority shareholder of judgment debtor - Decree against judgment debtor - Garnishee creating difficulties in way of Court and Custodian passing decree and its execution - Noticee sentenced to 3 month simple D imprisonment and fine - Challenge to - On appeal held: -i' Parties agreed that payment would be made in three instalments - However, in view of application by Custodian
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