https://www.taxtmi.com/caselaws?id=174909 The Special Court Act permits a Custodian to notify a person on subjective satisfaction based on reliable material and reports, without a pre-notification hearing, because the post-notification challenge under Section 4(2) satisfies natural justice. The expression "involved in any offence relating to transactions in securities" was read broadly to cover persons with a nexus to the securities scam, not only formally accused persons, and complaint material from Canfina and other sources could be acted upon. Properties of a notified person remained liable to attachment and maintenance for realization of dues, but interest and penal charges on maintenance arrears were disallowed on the facts. en-us Fri, 06 May 2011 00:00:00 +0530 Wed, 30 Aug 2017 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174909 The Special Court Act permits a Custodian to notify a person on subjective satisfaction based on reliable material and reports, without a pre-notification hearing, because the post-notification challenge under Section 4(2) satisfies natural justice. The expression "involved in any offence relating to transactions in securities" was read broadly to cover persons with a nexus to the securities scam, not only formally accused persons, and complaint material from Canfina and other sources could be acted upon. Properties of a notified person remained liable to attachment and maintenance for realization of dues, but interest and penal charges on maintenance arrears were disallowed on the facts. Case-Laws Indian Laws Fri, 06 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174909