Supreme Court of India · 2008-02-08
M/S. Ashoka Safe Deposit Vault Company ... vs Padamkumar
- Court
- Supreme Court of India
- Petitioner
- M/S. Ashoka Safe Deposit Vault Company ...
- Respondent
- Padamkumar
- Bench
- S.B. Sinha, V.S. Sirpurkar
Judgment text excerpt
The Supreme Court, in Criminal Appeal No. 288 of 2008, held that in light of the attachment of all properties of the company and its directors, the appellants should not be required to deposit any amount of compensation. The Court emphasized the need for the Sessions Court to expedite the disposal of the criminal appeal. This decision references the precedent set in Dilip S. Dahanukar vs. Kotak Mahindra Co. Ltd. [2007 (6) SCC 528].