Sudhir S.Mehta & Ors vs Custodian & Anr

The Supreme Court upheld the order of the Special Court under the Special Courts (Trial of Offences Relating to Transactions in Securities) Act, directing the Custodian to seek opinions on the bidding process for shares and the liability for Capital Gains Tax. The Court emphasized the need for adequate time for bidders and the potential for maximizing share value through grouping. The appeals were dismissed, affirming the Special Court's directions as reasonable and within its jurisdiction under Section 10 of the Act.