S.R.RAMARAJ vs SPECIAL COURT,BOMBAY

The Supreme Court upheld the conviction of Canbank Mutual Fund for contempt of court under the Special Court (Trial of Offences relating to Transaction in Securities) Act, 1992, due to the submission of a false defense in their written statement. The Court emphasized that perjury constitutes contempt and that the tendency to file false defenses undermines judicial integrity. The appellant's apology was rejected as insincere, reinforcing the Court's stance on the seriousness of contempt proceedings.