PREMANAND R. SHENOY vs CUSTODIAN .

The Supreme Court upheld the order of the Special Court under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, directing the appellant to pay Rs. 2,83,192 with interest to the Custodian. The Court emphasized that the Custodian has the authority to recover amounts related to securities transactions as per Section 3 of the Act. The judgment reinforced the need for accountability in financial transactions and the role of the Custodian in safeguarding public interest in cases of financial irregularities.