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may 2010

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.

NARESH K. AGGARWALA & CO. vs CANBANK FINANCIAL SERVICES LTD. · Niyam