M/S NEELDEEP INVESTMENTS (P) LTD vs THE CUSTODIAN .

The Supreme Court upheld the order of the Special Judge under Section 10 of 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 court proceedings. The Court found that the appellant's conduct hindered the execution of a decree for Rs. 1,42,65,000 against M/s Neeldeep Investment Company Private Limited, a company linked to the Notified Party, Bhupen Dalal. The Court determined that the appeal did not warrant interference, maintaining the Special Court's order while allowing the appellant to consider settling the decretal amount.