SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

1996 Supreme(SC) 1416

S.P.BHARUCHA, K.VENKATASWAMI
Tejkumar Balakrishna Ruia – Appellant
Versus
A. K. Menon – Respondent


JUDGMENT

Bharucha, J.-These are appeals against the judgment and orders of the Special Court constituted under the provisions of the Special Court (Trial of Offences Relating to Transactions In Securities) Act, 1992, ("the Act"), and they relate to the sweep of Section 3(3) thereof. The principle judgment and order gave the appellant liberty to file an application for a subsistence allowance. When the appellant declined to avail of the liberty the final order was passed.

2. The appellant became a notified person under the provisions of Section 3(2) of the Act on 2nd July, 1992. On 9th October, 1994, he was appointed an advisor by Killick Nixon Ltd. with effect from 8th October, 1994. By reason of such appointment he is entitled to be paid consultancy fees in the sum of Rs. 5,000/- per month by the said company. By a letter dated 7th August, 1995, to the Manager, Dena Bank, the appellant applied to open a new Current Account in his name to be operated by him. On 6th September, 1995, the appellant s advocates were informed that the matter had been referred to the Head Office of the bank and by a letter dated 27th October, 1995, that the matter had been referred to the Custodian appoint
















Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top