STANDARD CHARTERED BANK vs THE CUSTODIAN — C.A. No. 762/1999

Case under Section III. Status: Disposed.

Disposed

CNR: SCIN010020591999

Filing Date

04-Feb-1999

Registration No

C.A. No. 762/1999

Diary Number

2059/1999

Order Date

18-Apr-2000

Document Type

Judgment - of Main Case

Disposal Type

Dismissed

Last updated 30-May-2026

Acts & Sections

Section III

Petitioner(s)

  1. 1.STANDARD CHARTERED BANK

Respondent(s)

  1. 1.THE CUSTODIAN

    Adv. K. J. JOHN (Dead / Retired / Elevated) K J JOHN AND CO A. SUBBA RAO (Dead / Retired / Elevated)

Case History

  1. Case disposedDisposed

  2. 18-Apr-2000

    Judgment - of Main CaseView PDF

  3. 04-Feb-1999

    Case filed

    Registration No. C.A. No. 762/1999

View Full Judgment
casestatus.in Summary

Case Summary: Standard Chartered Bank v. The Custodian Court Decision: The Supreme Court partially allowed Standard Chartered Bank's appeal, affirming that the bank proved losses of Rs. 280.80 crores from securities transactions with notified broker Hiten Dalai, and holding that bonus shares, dividends, and interest accrued on pledged securities form part of the pledge and need not be returned to the Custodian unless redemption occurs. Cantriple Units worth Rs. 205 crores must be returned to the Custodian, and costs of Rs. 30 lacs awarded against Dalai were upheld. This case analysis is maintained by casestatus.in based on publicly available court records.

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