YOGESH MEHTA vs CUSTODIAN APPOINTED U. SPL.COURT .

The Supreme Court addressed the application of the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, particularly regarding the auction sales of properties belonging to Harshad Mehta and notified parties under Section 3 of the Act. The Court upheld the validity of auction sales for commercial properties while directing expedited hearings for residential properties, emphasizing the need for timely resolution and minimal adjournments. The Court's holding reinforced the procedural framework for confirming auction sales under the Act, ensuring adherence to the principles of fairness and expediency.