Varghese K. Joseph vs The Custodian & Ors

The Supreme Court examined the rejection of an application for certification of shares under the Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992, specifically addressing the issue of a cut-off date for applications. The Court held that the Special Court erred in dismissing the appellant's application solely on the basis of a cut-off date, as there was no statutory provision mandating such a rejection, and the appellant had no involvement in the tainting of the shares. The appeal was allowed, and the matter was remanded for consideration of the application on its merits.