ASHWIN S. MEHTA vs CUSTODIAN .

The Supreme Court upheld the judgment of the Special Court under the Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992, allowing the Custodian's applications for the sale of properties attached due to the involvement of Harshad S. Mehta in illegal securities transactions. The Court emphasized that the attachment of properties under Section 3 of the Act is valid even if the properties were acquired prior to the notification date, provided they are linked to the accused's illegal activities. The appeals by the Appellants for the release of their residential premises were dismissed, affirming the Special Court's decision.