State Of U.P vs Rajiv Kumar Mishra And Anr

The Supreme Court addressed appeals under Section 10 of the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, concerning the Securities Scam of 1992. The Court held that the ownership of the 17% NPCL bonds was disputed between Standard Chartered Bank (SCB) and Canara Bank Mutual Fund (CMF), emphasizing the necessity of resolving ownership disputes before proceeding with claims. The Court affirmed the lower court's decision to allow SCB's suit against ABFSL for recovery of Rs. 48,02,50,000, while also recognizing the complexities arising from the involvement of third parties in the transaction.