HITEN P. DALAL vs STANDARD CHARTERED BANK — C.A. No. 1878/1999

Case under Section III. Status: Disposed.

Disposed

CNR: SCIN010024901999

Filing Date

11-Feb-1999

Registration No

C.A. No. 1878/1999

Diary Number

2490/1999

Order Date

18-Apr-2000

Document Type

Judgment - of Main Case

Disposal Type

Dismissed

Last updated 31-May-2026

Acts & Sections

Section III

Petitioner(s)

  1. 1.HITEN P. DALAL

    Adv. K. J. JOHN (Dead / Retired / Elevated)

Respondent(s)

  1. 1.STANDARD CHARTERED BANK

    Adv. A. SUBBA RAO (Dead / Retired / Elevated)

Case History

  1. Case disposedDisposed

  2. 18-Apr-2000

    Judgment - of Main CaseView PDF

  3. 11-Feb-1999

    Case filed

    Registration No. C.A. No. 1878/1999

View Full Judgment
casestatus.in Summary

Summary The Supreme Court upheld Standard Chartered Bank's claim for loss of Rs. 280.80 crores suffered through broker Hiten P. Dalal's defaulted securities transactions, holding that shares worth Rs. 145 crores were validly pledged to the bank. The Court rejected Dalal's coercion defense, affirmed the bank's rights to bonus shares and dividends as part of the pledge, and dismissed Dalal's appeal while partially allowing the bank's appeal regarding accretions to pledged shares. This case analysis is maintained by casestatus.in based on publicly available court records.

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