RASILA S MEHTA vs CUSTODIAN, NARIMAN BHAVAN, MUMBAI

The Supreme Court addressed appeals concerning the Special Court's orders under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, specifically Section 3(2) regarding notifications affecting the appellants. The Court held that the Special Court's decisions were valid and upheld the orders related to outstanding dues of properties owned by late Harshad S. Mehta. The judgment clarified the procedural aspects of the Act and affirmed the authority of the Custodian in managing assets linked to the frauds identified.