Standard Chartered Bank And Anr. Etc vs Custodian And Anothe Etc

The Supreme Court examined the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, particularly Sections 3 and 5, which empower the Central Government to appoint a Custodian and establish a Special Court for handling securities-related offences. The Court held that the Custodian has the authority to notify individuals involved in securities offences and attach their properties, which must be managed by the Special Court. The Court affirmed the jurisdiction of the Special Court to adjudicate matters related to transactions in securities during the specified period, thereby upholding the legislative intent to ensure swift recovery of misappropriated funds.