https://www.taxtmi.com/caselaws?id=104155 The Special Court under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 may exercise jurisdiction over claims concerning attached property and securities transactions involving a notified person where the claim falls within the statutory scheme. The document also notes that an alleged share allotment was not shown to be valid, given suspicious register and certificate entries and the timing of the allotment attempt after notification. On that footing, the transaction was treated in substance as a buy-back financial arrangement, supporting refund of the notified amount with reasonable interest. en-us Tue, 06 Apr 1999 00:00:00 +0530 Tue, 22 Jul 2014 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104155 The Special Court under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 may exercise jurisdiction over claims concerning attached property and securities transactions involving a notified person where the claim falls within the statutory scheme. The document also notes that an alleged share allotment was not shown to be valid, given suspicious register and certificate entries and the timing of the allotment attempt after notification. On that footing, the transaction was treated in substance as a buy-back financial arrangement, supporting refund of the notified amount with reasonable interest. Case-Laws Companies Law Tue, 06 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104155