HARSHAD S. MEHTA vs STATE OF MAHARASHTRA THROUGH C.B.I.

The Supreme Court examined the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, emphasizing its establishment for the trial of specific securities-related offences. The Court held that under Section 6 of the Act, the Special Court has exclusive jurisdiction over such offences, and any pending prosecutions must be transferred to it. The Court clarified that the Special Court is deemed a Court of Session and must follow the procedures outlined in the Code of Criminal Procedure, 1973, as long as they do not conflict with the Act's provisions.