Supreme Court Dismisses the Appeal filed by Smt. Rasila S. Mehta and Smt. Rina S. Mehta against the order of a Special Court and upheld the Notifications by the Custodian for their (Mehtas) Involvement in the Securities Scam of 1992 https://www.taxtmi.com/news?id=1844 The Custodian's post-event notifications identifying beneficiaries of proceeds from the 1992 securities fraud were upheld as not violating principles of natural justice, because the Custodian reasonably relied on committee reports, parliamentary and interdisciplinary inquiries, and expert accounting analyses; courts should adopt a purposive construction favouring public interest, permitting administrative seizure and liquidation of assets to enable distribution to creditors. en-us Thu, 12 May 2011 18:41:09 +0530 Thu, 12 May 2011 18:41:00 +0530 TaxTMI RSS Generator Supreme Court Dismisses the Appeal filed by Smt. Rasila S. Mehta and Smt. Rina S. Mehta against the order of a Special Court and upheld the Notifications by the Custodian for their (Mehtas) Involvement in the Securities Scam of 1992 https://www.taxtmi.com/news?id=1844 The Custodian's post-event notifications identifying beneficiaries of proceeds from the 1992 securities fraud were upheld as not violating principles of natural justice, because the Custodian reasonably relied on committee reports, parliamentary and interdisciplinary inquiries, and expert accounting analyses; courts should adopt a purposive construction favouring public interest, permitting administrative seizure and liquidation of assets to enable distribution to creditors. News - Thu, 12 May 2011 18:41:09 +0530 https://www.taxtmi.com/news?id=1844