Supreme Court of India
M/S. JERMYN CAPITAL LLC DUBAI versus CENTRAL BUREAU OF INVESTIGATION & ORS. on 17 May 2023
SUPREME COURT REPORTS
[2023] 6 S.C.R.
M/S. JERMYN CAPITAL LLC DUBAI
A
v.
CENTRAL BUREAU OF INVESTIGATION & ORS.
(Miscellaneous Application No. 1278 of 2023)
B
In
(Criminal Appeal No. 1434 of 2023)
MAY 17, 2023
[KRISHNA MURARI AND SANJAY KUMAR, JJ.]
C
Judgments/Orders – Modification of – Vide order dtd.09.05.2023 passed by Supreme Court, the condition imposed uponthe appellant to furnish a bank guarantee for release of the sum ofRs.38.52 crore was set aside – Appellant was permitted to withdrawthe said amount along with 4 percent simple interest payable fromD08.05.2006 till the date of actual payment – Modification soughtby appellant, in view of various orders passed earlier by theSecurities Appellate Tribunal and Supreme Court, directing the saleproceeds (which ultimately aggregated to Rs.38.52 crore) to beplaced in bank fixed deposits so as to garner a higher rate of interestE– Allowed – Appellant permitted to unconditionally withdraw theaforesaid amount along with the fixed deposit interest amountaccrued thereon.
F
CRIMINAL APPELLATE JURISDICTION : MiscellaneousApplication No.1278 of 2023 In Criminal Appeal No.1434 of 2023.
From the Judgment and Order dated 09.05.2023 in Crl. A. No.1434of 2023 of the Supreme Court of India.
Mukul Rohatgi, Sr. Adv., Sunil Fernandes, Ms. Nupur Kumar,Divyansh Tiwari, M. Thangathurai, Ms. Priyansha Sharma, Ms. DikshaGDadu, Advs. for the Appellant.
H
K M Nataraj, ASG, Rajesh Ranjan, Mukul Singh, Shailesh Madiyal,Pratyush Shrivastav, Arvind Kumar Sharma, Ms. Swati Ghildiyal, Ms.Devyani Bhatt, M/s. K J John and Co., Advs. for the Respondents.
M/S. JERMYN CAPITAL LLC DUBAI v. CENTRAL BUREAUOF INVESTIGATION & ORS.
The following Order of the Court was passed:
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O R D E R
IA No. 100413/2023 in M.A. No. 1278/2023
By way of this application, the appellant seeks modification of theorder dated 09.05.2023 passed by this Court allowing the appeal. Thereby,the condition imposed upon the appellant by the Courts below to furnisha bank guarantee for release of the sum of 38.52 crore was set asideand the appellant was permitted to withdraw the said amount along with4 percent simple interest payable from 08.05.2006 till the date of actualpayment.
2. While so, the appellant produced copies of various orders passedearlier, be it by the Securities Appellate Tribunal or by this Court,directing the sale proceeds, which ultimately aggregated to 38.52crore, to be placed in bank fixed deposits so as to garner a higher rate ofinterest. Reference in this regard may be made to the order dated08.05.2006 of the Securities Appellate Tribunal and the orders dated05.12.2008, 14.05.2009 & 16.11.2009 passed by this Court.
3. In that view of the matter, the final order dated 09.05.2023passed in Criminal Appeal No. 1434 of 2023 shall stand modified bysubstituting para 21 therein as under:
“21. As a consequence, the appellant shall be permitted tounconditionally withdraw the aforesaid amount along with the fixed depositinterest amount that has accrued thereon.”
4. IA No. 100413/2023 is allowed and, in consequence, M.A. No.1278/2023 stands disposed of.
Divya Pandey
Application disposed of.
(Assisted by : Roopanshi Virang, LCRA)
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