FAIRGROWTH FINANCIAL SERVICES LTD. vs CUSTODIAN

The Supreme Court upheld the decision of the Special Court regarding the disposal of tenancy rights under Section 3(2) of the Special Courts (Trial of Offences relating to Transactions in Securities) Act, 1992. The Court found no merit in the appellant's claim that there were no outstanding liabilities, affirming the acceptance of the landlord's offer of Rs.75 Lacs for the surrender of tenancy rights. The Court modified the order to allow the landlord additional time to deposit the remaining amounts, ensuring compliance with the Special Court's directives.