Fraudulent Share Transaction

The Supreme Court has reversed a Delhi High Court order that allowed the release of ₹15.90 lakhs to a company involved in a fraudulent share sale. The funds were frozen during a criminal investigation into the fraud. The Supreme Court ruled that the High Court overstepped its authority by ordering the release of money while the investigation was still active and a main accused was on the run. The Court stated that releasing the funds would harm the victim and obstruct the investigation, and ordered the money to remain with the Bombay Stock Exchange until the trial is complete.