Supreme Court · 2008 INSC 744 · Decided 5 June 2008
Maghendra Pal Tyagi v. Jayant Davar and ORS.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 744 · [2008] 9 S.C.R. 1096
- Case number
- CIVIL APPEAL No. 3034/2005
- Decided
- 5 June 2008
- Bench
- C.K. THAKKER, LOKESHWAR SINGH PANTA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
r- Special Courts (Trial of offences relating to transactions c in Securities) Act, 1992: s. 3(2) - Transfer of shares to notified person - Appellant held shares of the Company - He applied for issue of duplicate shares on the pretext that these shares were lost - Consequently duplicate sued- These shares were then sold to first respondent- When D first respondent sold these shares in open market, they were ~ returned to him as bad delivery- It was found that these shares .. were kept in abeyance as they were seized by CBI at the time of Share Transfer Scam -Application by First
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