PALLAV SHETH vs CUSTODIAN .

The Supreme Court upheld the finding of civil contempt against Pallav Sheth under Section 2(b) of the Contempt of Courts Act, 1971, for violating the Special Court's interim order that restrained him from alienating his assets. The Court confirmed the Special Court's decision to impose a one-month simple imprisonment and a fine of Rs. 2,000, emphasizing the importance of compliance with court orders. The judgment reinforced the principle that contempt of court can arise from actions that undermine the authority of the court, particularly in financial matters under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992.