L.S. Synthetics Ltd vs Fairgrowth Financial Services Ltd. & ...

The Supreme Court upheld the Special Court's ruling that all claims related to properties owned by notified parties must be adjudicated by the Special Court under the Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992. The Court clarified that the Limitation Act does not apply to proceedings under this Act, affirming the Special Court's decision to direct the Appellant to pay Rs. 14.25 lakhs with interest. The Court rejected the Appellant's arguments regarding jurisdiction and the nature of the transactions, reinforcing the applicability of Section 9A of the Act.