CIFCO PROPERTIES PVT. LTD. vs CUSTODIAN .

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 that the Custodian's role is to act under the directions of the Special Court and that the appellants' concerns regarding the sale process did not warrant interference with the interlocutory order. The Court emphasized that the Custodian takes necessary precautions to ensure maximum price realization from the sale, aligning with the principles established in Canbank Financial Services Ltd. v. Custodian & Ors., (2004) 8 SCC 355.