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 a securities transaction linked to the 1992 Bombay Stock Exchange scam. The Court held that the appellant, Standard Chartered Bank, was entitled to recover the principal amount from Andhra Bank Financial Services Limited, as the original letter of allotment was not in its possession, thus establishing the principle that possession of original documents is crucial in securities transactions. The judgment affirmed the lower court's decision, allowing the appeals.