Special Court jurisdiction is limited to claims tied to a notified person's obligations; strangers must proceed in civil court.

Jurisdiction under the Special Court (Trial of Offences relating to Transactions in Securities) Act, 1992 is confined to disposal of property under attachment belonging to a notified person and to claims based on contractual, statutory or other legally recognised obligations. A non-notified claimant with no privity of contract cannot invoke that forum to enforce a claim against a notified person's property, absent any factual basis to treat the entities as one or to pierce the corporate veil. The proper remedy in such circumstances lies in ordinary civil proceedings, and the Special Court was held not to have jurisdiction over the claim.

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Issues: Whether the Special Court had jurisdiction under the Special Court (Trial of Offences relating to Transactions in Securities) Act, 1992 to entertain a claim by a non-notified person against the property of a notified person in the absence of privity of contract.

Analysis: The jurisdiction under section 11 of the Act is confined to the disposal of property under attachment belonging to a notified person and to the discharge of liabilities inter se arising from contractual, statutory, or other legally recognised obligations. The appellant was not in privity with the notified person, and no factual foundation was laid to justify treating the two entities as one or to pierce the corporate veil. On those facts, the Special Court could not be asked to enforce a claim by a stranger to the notified person's obligations, and the proper remedy lay in ordinary civil proceedings.

Conclusion: The Special Court lacked jurisdiction to entertain the appellant's claim, and the dismissal of the appeal was correct.

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