https://www.taxtmi.com/caselaws?id=275658 Temporal classification of securities offences under the Ordinance was upheld because the date-based grouping had a rational nexus with the urgent legislative aim of tackling large-scale market manipulation and recovering siphoned public funds. The challenge to the Custodian's power to notify a person and attach property without a prior hearing also failed, because immediate action was justified by the need to prevent dissipation of assets and the scheme provided effective post-decisional supervision and relief before the Special Court. The statutory framework was therefore treated as neither arbitrary nor contrary to natural justice, Articles 14 or 19. en-us Fri, 24 Jul 1992 00:00:00 +0530 Thu, 11 Oct 2018 14:35:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275658 Temporal classification of securities offences under the Ordinance was upheld because the date-based grouping had a rational nexus with the urgent legislative aim of tackling large-scale market manipulation and recovering siphoned public funds. The challenge to the Custodian's power to notify a person and attach property without a prior hearing also failed, because immediate action was justified by the need to prevent dissipation of assets and the scheme provided effective post-decisional supervision and relief before the Special Court. The statutory framework was therefore treated as neither arbitrary nor contrary to natural justice, Articles 14 or 19. Case-Laws Indian Laws Fri, 24 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275658