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march 2008

Supreme Court of India · 2008-03-13

M/S Neeldeep Investments (P) Ltd vs The Custodian & Ors

Court
Supreme Court of India
Petitioner
M/S Neeldeep Investments (P) Ltd
Respondent
The Custodian & Ors
Author
Altamas Kabir
Bench
C.K. Thakker, Altamas Kabir

Judgment text excerpt

The Supreme Court upheld the order of the Special Judge under the Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992, which sentenced Milan Dalal to three months of simple imprisonment and a fine of Rs. 2,000 for obstructing the execution of a decree. The Court found that the conduct of Milan Dalal, as the son of the Notified Party Bhupen Dalal, was obstructive in nature, thereby justifying the Special Judge's decision. The appeal was dismissed, affirming the lower court's findings and orders.

M/S Neeldeep Investments (P) Ltd vs The Custodian & Ors · Niyam