Jyoti Harshad Mehta vs Custodian & Ors

The Supreme Court addressed the interpretation of the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, particularly concerning the sale of properties belonging to Harshad Mehta and his associates. The Court held that the Special Court had the authority to direct the sale of attached properties under the Act, reaffirming the procedural framework established for handling such cases. The Court's ruling emphasized the importance of the Custodian's role and the necessity of adhering to the provisions of the Special Act in the context of financial irregularities during the specified 'window period'.