https://www.taxtmi.com/caselaws?id=766955 Where a petitioner was not shown to have participated in the alleged fraud, the Delhi HC held that the sale proceeds of its shares could be released on superdari pending criminal adjudication. The Court noted that the shares had left the petitioner's possession, the proceeds represented its share sale consideration, and no material before the Court denied its entitlement to those proceeds. It ordered release against a guarantee for the same amount, while making clear that the arrangement would not determine final ownership of either the shares or the money, which would remain subject to trial. en-us Tue, 25 Feb 2025 00:00:00 +0530 Fri, 07 Mar 2025 08:41:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766955 Where a petitioner was not shown to have participated in the alleged fraud, the Delhi HC held that the sale proceeds of its shares could be released on superdari pending criminal adjudication. The Court noted that the shares had left the petitioner's possession, the proceeds represented its share sale consideration, and no material before the Court denied its entitlement to those proceeds. It ordered release against a guarantee for the same amount, while making clear that the arrangement would not determine final ownership of either the shares or the money, which would remain subject to trial. Case-Laws SEBI Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766955