Supreme Court · 2007 INSC 837 · Decided 17 August 2007
Tax Recovery Officer, Central RANGE-1 v. Custodian Appointed Under the Special Court (Trial of Offences Relating to Transaction in Securities) Act, 1992
- Court
- Supreme Court of India
- Citation
- 2007 INSC 837 · [2007] 8 S.C.R. 1051
- Case number
- CIVIL APPEAL No. 6316/2005
- Decided
- 17 August 2007
- Bench
- G.P. MATHUR, P.K. BALASUBRAMANYAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 226(4)
Headnote
A B Special Courts (Trial of Offences relating to Transactions in Securities) C Act, 1992-ss. 3, 9A, 11 & 13-Assets of notified party attached-Suit for recovery of dues of notified party from a third party, decreed-In of third party put to auction sale-Intervention application, filed by Income Tax Department, seeking recovery of its dues from said third party on priority basis before distribution of sale proceeds to other creditors-Maintainability of-Held: Not maintainable-Provisions D of the 1992 Act,
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