Supreme Court of India · 2010-05-05
NARESH K. AGGARWALA & CO. vs CANBANK FINANCIAL SERVICES LTD.
- Citation / case number
- SC 2004/13010
- Court
- Supreme Court of India
- Petitioner
- NARESH K. AGGARWALA & CO.
- Respondent
- CANBANK FINANCIAL SERVICES LTD.
- Author
- SURINDER SINGH NIJJAR
Judgment text excerpt
The Supreme Court, in this case under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, addressed the appeal against the decree of the Special Court regarding a dispute over share transactions. The Court held that the appellant was entitled to a money decree for the unpaid shares of Reliance Industries Limited, emphasizing the importance of contract fulfillment and the delivery of shares as per the agreements made. The judgment reinforced the legal principle that parties must adhere to their contractual obligations, leading to the upholding of the appellant's claim for Rs.3,18,06,868/- with interest.