Maghendra Pal Tyagi vs Jayant Davar & Ors

The Supreme Court addressed the appeals against orders of the Special Court under The Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992, concerning the issuance of duplicate share certificates and the validity of share transfers. The Court held that the appellant's claim for duplicate shares was valid as no objections were raised during the notice period, and the transfer of shares to the first respondent was legitimate. The Court emphasized the importance of adhering to procedural requirements under the Act, ultimately upholding the appellant's rights to the shares in question.