HITEN P. DALAL vs CANARA BANK . — C.A. No. 8865/2003

Case Summary: The Supreme Court dismissed Hiten P. Dalal's appeal against a Special Court judgment (dated 24 July 2003) that ordered him to pay Rs. 16 lacs with 15% annual interest to Canara Bank from 13 March 1992. The dispute arose from a 1988 mutual fund scheme where Dalal allegedly fraudulently claimed brokerage commission. Dalal was convicted of offences under IPC Sections 420/409/411 and 477-A; his related Criminal Appeal (No. 1226 of 2001) was dismissed on 1 July 2013 with conviction under most sections upheld. The Court found no merit in the civil appeal given Dalal's guilt regarding the brokerage withdrawal (15 January 2014). This case analysis is maintained by casestatus.in based on publicly available court records.