State Bank Of India Thr. General Manager vs National Housing Bank & Ors

The Supreme Court addressed appeals under Section 10 of the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, concerning jurisdictional issues arising from suits filed by the National Housing Bank against various parties, including Harshad S. Mehta. The Court clarified that the Special Court has both civil and criminal jurisdiction over offences related to securities transactions and emphasized the need for a single forum for litigation to avoid conflicting judgments. The Court ultimately directed that the suits be consolidated for adjudication in the Special Court, affirming the procedural integrity of the Special Court Act.