JUDGMENT

K.G. Balakrishnan, CJI —

1. These two statutory appeals under Section 10 of the Special Court (Trial of Offences relating to Transactions in Securities) Act, 1992 (for short ‘the said Act’) are filed by Accused No. 3 and 4 in Special Case No. 7/1994, being aggrieved by the Judgment and Order dated 6th/7th/13th/14th August, 1998 convicting and sentencing them.

2. These two appellants were tried alongwith two other accused persons by the Special Court (Trial of Offences Relating to Transactions in Securities) at Bombay and by Judgment dated 14th August, 1998, these appellants were found guilty of various offences. The appellant in Criminal Appeal No. 906 of 1998 (third accused - S. Mohan) was found guilty of offence punishable under Section 409 IPC and was sentenced to undergo rigorous imprisonment for seven years and a fine of Rs. 1 lakh, and with default, sentence for a period of one and a half year. He was also found guilty of the offences punishable under Sections 13(1) (c) and 13(1) (d) read with Section 13(2) of the Prevention of Corruption Act and for this offence he was sentenced to undergo rigorous imprisonment for a period of five years and a fine of Rs. 50,000, in