https://www.taxtmi.com/caselaws?id=298833 In an interim custody dispute over mutual fund units, the SC balanced preservation of the asset with the applicant's undisputed ownership and the need to avoid further loss from prolonged retention. As the alleged fraud and related merits remained sub judice in companion proceedings, the Court declined to comment on liability, but modified the interim arrangement by directing release of the units to the applicant's demat account against a bank guarantee of equivalent value to the satisfaction of the Trial Court. The merits of the main appeals were left untouched. en-us Tue, 16 Mar 2021 00:00:00 +0530 Sun, 21 Nov 2021 19:20:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298833 In an interim custody dispute over mutual fund units, the SC balanced preservation of the asset with the applicant's undisputed ownership and the need to avoid further loss from prolonged retention. As the alleged fraud and related merits remained sub judice in companion proceedings, the Court declined to comment on liability, but modified the interim arrangement by directing release of the units to the applicant's demat account against a bank guarantee of equivalent value to the satisfaction of the Trial Court. The merits of the main appeals were left untouched. Case-Laws Indian Laws Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298833