Supreme Court · 2016 INSC 313 · Decided 13 April 2016
Pallav Sheth v. Canara Bank
- Court
- Supreme Court of India
- Citation
- 2016 INSC 313 · [2016] 2 S.C.R. 272
- Case number
- CRIMINAL APPEAL No. 1664/2005
- Decided
- 13 April 2016
- Bench
- DIPAK MISRA, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Disposed off
- Case type
- Criminal
Headnote
Special Court (Trial of Offences relating to Transactions in Securities) Act, 1992: s.10 - Dishonest intention of misappropriation C of shares - Special Court convicted appellant uls.409 !PC and ordered fine of Rs.I lac - As per original chart, Rs.58.10 lacs was · the principal decreed - Interest was allowed @ 18% p.a. -- After adjusting Rs.20 lacs paid by appellant in 2003 by way of part settlement, balance a,mount with same rate of interest resulted into an amount D of Rs.286 lacs payable by appellant to the Bank - !11 the course of hearing, this Court noticed that there
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