MOHANLAL ISHVARDAS PANCHAL vs UNION OF INDIA & ORS.

The Supreme Court addressed the issue of whether shares held by a company (B company) could be classified as evacuee property under the Administration of Evacuee Property Act, 1950, specifically Section 10(2)(11). The Court held that the determination of evacuee status for shareholders must be made at the time the Amendment Act of 1951 was in force, and without a finding on when the shareholders became evacuees, it could not be concluded that the shares were evacuee property. The case was remitted to the High Court for further consideration on this matter.