Cifco Properties Pvt. Ltd. & Ors vs The Custodian & Ors

The Supreme Court upheld the order of the Special Court under the Special Courts (Trial of Offences Relating To Transactions in Securities) Act, 1992, directing the Custodian to conduct the sale of properties for recovery of dues. The Court found no merit in the appellants' argument that the Custodian's adversarial role would prejudice the sale process, emphasizing that the Custodian is tasked with ensuring maximum price realization and follows procedures akin to those of the Official Receiver. The Court noted that the order was interlocutory and did not affect the rights of the parties involved.