TEJKUMAR BALAKRISHNA RUIA vs A.K.MENON

The Supreme Court upheld the interpretation of Section 3(3) of The Special Court (Trial Of Offences Relating To Transactions In Securities) Act, 1992, affirming that all assets available at the date of notification and those acquired thereafter are subject to attachment. The Court emphasized that allowing the appellant to access income from consultancy could facilitate the evasion of the Act's provisions, thereby undermining its purpose. The appeal was dismissed, reinforcing the attachment of property and income of notified persons under the Act.