RAM NARAIN POPLY Vs. CENTRAL BUREAU OF INVESTIGATION
LAWS(SC)-2003-1-79
SUPREME COURT OF INDIA
Decided on January 14,2003

RAM NARAIN POPLY Appellant
VERSUS
CENTRAL BUREAU OF INVESTIGATION Respondents





Cited Judgements :-

STATE OF KARNATAKA VS. SELVI J. JAYALALITHA & ORS. [LAWS(SC)-2017-2-29] [REFERRED TO]
BALRAJ SON OF CHANDER SINGH VS. STATE OF HARYANA [LAWS(P&H)-2014-2-576] [REFERRED TO]
K HASIM VS. STATE OF TAMIL NADU [LAWS(SC)-2004-11-71] [REFERRED TO]
VIVEK SHARMA VS. CENTRAL BUREAU OF INVESTIGATION [LAWS(MPH)-2022-8-106] [REFERRED TO]
JAGANNATH PARIDA VS. STATE OF ODISHA [LAWS(ORI)-2022-7-104] [REFERRED TO]
SOHAN SINGH RAO VS. UNION OF INDIA [LAWS(RAJ)-2022-3-78] [REFERRED TO]
ANBUMANI RAMADOSS VS. CENTRAL BUREAU OF INVESTIGATION [LAWS(DLH)-2019-7-344] [REFERRED TO]
J.RAJESH KUMAR VS. CENTRAL BUREAU OF INVESTIGATION [LAWS(KER)-2021-10-88] [REFERRED TO]
VUSHA VIJAYAVALLI VS. STATE OF A P [LAWS(APH)-2003-9-35] [REFERRED TO]
AMALESH MAITY VS. STATE OF W B [LAWS(CAL)-2004-3-32] [REFERRED TO]
RAJEEV KUMAR VS. STATE OF U.P. [LAWS(ALL)-2019-9-195] [REFERRED TO]
VINAYENDRA NATH UPADHYAY VS. STATE OF UP [LAWS(ALL)-2010-8-178] [REFERRED TO]
C R PATIL and C E PATIL VS. STATE OF GUJARAT [LAWS(GJH)-2004-10-59] [REFERRED TO]
YASHWANTKUMAR HIRALAL PATEL VS. HITESHKUMAR CHUNNALAL AGRAWAL & 1. [LAWS(GJH)-2017-9-34] [REFERRED TO]
CHANDRAKANT MEGHJIBHAI DAKI VS. STATE OF GUJRAT [LAWS(GJH)-2008-3-4] [REFERRED TO]
MAHENDRA RAJWADE VS. STATE OF CHHATTISGARH [LAWS(CHH)-2022-9-63] [REFERRED TO]
UNNIKRISHNAN ANCHERY VS. STATE OF TELANGANA [LAWS(TLNG)-2023-8-48] [REFERRED TO]
PRATAPBHAI HAMIRBHAI SOLANKI VS. STATE OF GUJARAT [LAWS(SC)-2012-10-36] [REFERRED TO]
VINAYAK NARAYAN DEOSTHALI VS. CBI [LAWS(SC)-2014-12-83] [REFERRED TO]
RITU CHHABARIA VS. UNION OF INDIA [LAWS(SC)-2023-4-109] [REFERRED TO]
MOHD.IBRAHIM VS. STATE [LAWS(DLH)-2021-9-137] [REFERRED TO]
RANI VS. STATE OF HIMACHAL PRADESH [LAWS(HPH)-2016-5-111] [REFERRED TO]
AB NAME WITHHELD VS. STATE OF ORISSA [LAWS(ORI)-2005-1-30] [REFERRED TO]
VISHNU NARAYANAN VS. STATE OF KERALA [LAWS(KER)-2020-9-69] [REFERRED TO]
PRAKASH VS. STATE OF M P [LAWS(MPH)-2011-7-118] [REFERRED TO]
MANOJ VIRENDRA PRATAPSINGH VS. STATE OF GUJARAT [LAWS(GJH)-2020-8-80] [REFERRED TO]
NOORMOHMED JAMALBHAI LATIWALA VS. STATE OF GUJARAT [LAWS(GJH)-2004-4-51] [REFERRED TO]
BHOLABHAI CHATURBHAI PATEL VS. STATE OF GUJARAT [LAWS(GJH)-2005-9-52] [REFERRED TO]
GIRWAR SINGH AND ORS VS. C B I [LAWS(DLH)-2015-4-550] [REFERRED]
BATA INDIA LIMITED VS. STATE OF WEST BENGAL [LAWS(CAL)-2007-9-74] [REFERRED TO]
NEERA YADAV VS. STATE [LAWS(ALL)-2010-12-73] [REFERRED TO]
LOHITSINGH DARMASINGH SUBHEDAR VS. STATE OF MAHARASHTRA [LAWS(BOM)-2023-7-417] [REFERRED TO]
MANIK LAL MAJUMDER VS. STATE OF TRIPURA [LAWS(TRIP)-2019-5-8] [REFERRED TO]
M/S.HETERO GROUP OF COMPANIES VS. STATE OF TELANGANA [LAWS(TLNG)-2021-11-123] [REFERRED TO]
RAJAN MISHRA AND ORS. VS. STATE OF ORISSA [LAWS(ORI)-2015-12-35] [REFERRED TO]
MUKESH AND ANOTHER VS. STATE FOR NCT OF DELHI AND OTHERS. [LAWS(SC)-2017-5-43] [REFERRED TO]
BUDHIMAN SINGH VS. STATE OF M P [LAWS(MPH)-2016-3-117] [REFERRED]
STATE OF JHARKHAND VS. SARYUDHAR YADAV [LAWS(JHAR)-2023-8-35] [REFERRED TO]
SHASHIBALA SHARMA TRUSTEE and PRINCIPAL VS. STATE OF GUJARAT [LAWS(GJH)-2004-5-1] [REFERRED TO]
RAMDHARISING BHAMDARSING VS. STATE OF GUJARAT [LAWS(GJH)-2007-2-65] [REFERRED TO]
KRISHNA SHANKAR MEHTA VS. STATE CENTRAL BUREAU OF INVESTIGATION [LAWS(GAU)-2012-1-28] [REFERRED TO]
TILESWAR MURARI VS. STATE OF ASSAM [LAWS(GAU)-2012-8-2] [REFERRED TO]
YAGNESH MANSUKHBHAI JOSHI VS. PRAVINCHANDRA MAGANLAL MEHTA [LAWS(GJH)-2011-6-64] [REFERRED TO]
STATE OF HIMACHAL PRADESH VS. MAN SINGH & OTHERS [LAWS(HPH)-2016-5-366] [REFERRED TO]
ATUL KUMAR SINGH VS. STATE OF U.P. [LAWS(ALL)-2024-12-8] [REFERRED TO]
M VENKATA RAJU VS. STATE OF ANDHRA PRADESH [LAWS(APH)-2008-2-66] [REFERRED TO]
CENTRAL BUREAU OF INVESTINGATION VS. COODLI RAVIKUMAR [LAWS(BOM)-2016-11-101] [REFERRED TO]
CHANDSO ILAI KAZI VS. STATE OF MAHARASHTRA [LAWS(BOM)-2023-7-101] [REFERRED TO]
SRI LANKA VENKATA SUBRAHMANYAM VS. THE STATE OF TELANGANA., REP. BY SPECIAL PP OF CBI, HYDERABAD [LAWS(APH)-2018-1-43] [REFERRED TO]
ALOKE NATH DUTTA VS. STATE OF W B [LAWS(CAL)-2005-3-36] [REFERRED TO]
RAM SHARAN CHATURVEDI VS. STATE OF MADHYA PRADESH [LAWS(SC)-2022-8-84] [REFERRED TO]
YAKUB ABDUL RAZAK VS. STATE OF MAHARASHTRA, THROUGH CBI, BOMBAY [LAWS(SC)-2013-3-51] [REFERRED TO]
STATE OF MADHYA PRADESH VS. SHEETLA SAHAI [LAWS(SC)-2009-8-125] [REFERRED TO]
NATIONAL INSURANCE COMPANY LTD VS. ISHAR DAS MADAN LAL [LAWS(SC)-2007-2-91] [REFERRED TO]
VIJAY KUMAR VS. STATE OF M.P. AND ORS. [LAWS(MPH)-2018-5-230] [REFERRED TO]
MUKID ULLAH VS. STATE OF MADHYA PRADESH [LAWS(MPH)-2018-8-153] [REFERRED TO]
JOY JOSEPH VS. STATE OF KERALA [LAWS(KER)-2016-5-32] [REFERRED TO]
TIRUPATI PANIGRAHI VS. STATE OF ORISSA [LAWS(ORI)-2013-4-8] [REFERRED TO]
JITENDER KUMAR VS. RAM KISHAN [LAWS(P&H)-2014-8-596] [REFERRED]
MAQBOOL HUSSAIN VS. STATE OF J&K [LAWS(J&K)-2006-4-18] [REFERRED TO]
ASHOK NANDA AND ORS. VS. THE STATE OF M.P. [LAWS(MPH)-2015-8-2] [REFERRED TO]
LOHIDASAN VS. INSPECTOR OF POLICE CCIW CID COIMBATORE CITY UNIT COIMBATORE DISTRICT [LAWS(MAD)-2007-7-238] [REFERRED TO]
MOHD SALEEM KHAN VS. STATE OF NCT OF DELHI [LAWS(DLH)-2021-9-135] [REFERRED TO]
ARCHANA KUMARI VS. STATE GOVT OF NCT OF DELHI [LAWS(DLH)-2007-4-90] [REFERRED TO]
MANJUVIRANNA KANTAYYA RAI VS. STATE OF MAHARASHTRA [LAWS(BOM)-2011-7-146] [REFERRED TO]
SANTOSH PANKAJ VS. STATE OF U P AND 3 OTHERS [LAWS(ALL)-2017-12-299] [REFERRED TO]
KETAN DESAI VS. STATE [LAWS(ALL)-2015-2-56] [REFERRED TO]
HALONEX LIMITED VS. STATE OF U P [LAWS(ALL)-2014-2-147] [REFERRED TO]
ABDUL LATIF ADAM MOMIN VS. UNION OF INDIA THROUGH CENTRAL BUREAU OF INVESTIGATION [LAWS(P&H)-2014-2-51] [REFERRED TO]
SEERAVEETTIL MUHAMMED KUNHI VS. STATE OF KERALA [LAWS(KER)-2015-2-37] [REFERRED TO]
ANUPAM CHOUKSEY VS. THE STATE OF MADHYA PRADESH [LAWS(MPH)-2017-3-47] [REFERRED TO]
AJAY MALIK VS. STATE OF UTTARAKHAND [LAWS(SC)-2025-1-122] [REFERRED TO]
MURALI A. VS. STATE OF KERALA [LAWS(KER)-2020-8-430] [REFERRED TO]
CHONGTHAM GOJENDRO SINGH VS. STATE OF MANIPUR [LAWS(MANIP)-2019-8-18] [REFERRED TO]
MR. ROBERT JOHN DSOUZA & ORS VS. STEPHEN V. GOMES & ANR [LAWS(SC)-2015-7-50] [REFERRED TO]
HITEN PRASAN DALAL VS. CENTRAL BUREAU OF INVESTIGATION [LAWS(SC)-2015-7-95] [REFERRED TO]
R VENKATAKRISHNAN VS. CENTRAL BUREAU OF INVESTIGATION [LAWS(SC)-2009-8-73] [REFERRED TO]
STATE BANK OF INDIA MUMBAI VS. STATE OF A P [LAWS(APH)-2006-7-121] [REFERRED TO]
PANDURANG S/O TUKARAM THAKARE VS. STATE OF MAHARASHTRA & ORS. [LAWS(BOM)-2016-10-202] [REFERRED TO]
MUKESH JAIN VS. CBI [LAWS(DLH)-2009-12-213] [REFERRED TO]
SUKH RAM SHARMA VS. STATE BANK OF INDIA [LAWS(DLH)-2008-4-174] [REFERRED TO]
MILAN ANANDAN VS. STATE OF U P [LAWS(ALL)-2005-9-258] [REFERRED TO]
GIRWAR SINGH AND ORS. VS. C.B.I. [LAWS(DLH)-2016-4-64] [REFERRED TO]
RAM GOPAL VS. STATE OF U.P. [LAWS(ALL)-2020-1-154] [REFERRED TO]
CHANDRA SHEKHAR TRIVEDI; SOHAN LAL VS. STATE OF UTTAR PRADESH [LAWS(ALL)-2015-1-85] [REFERRED TO]
YASHWANTKUMAR HIRALAL PATEL VS. PATEL PRITESH KANUBHAI [LAWS(GJH)-2022-9-90] [REFERRED TO]
RAVINDRA SHETTY VS. NARAYAN GHOSH [LAWS(GAU)-2012-10-39] [REFERRED TO]
CENTRAL BUREAU OF INVESTIGATION, MUMBAI VS. RAMA SUBRAMANIAN SITARAMAN [LAWS(BOM)-2018-11-20] [REFERRED TO]
BASAPPA ALIAS BASAVARAJ VS. STATE GANDHI CHOWK POLICE BIJAPUR [LAWS(KAR)-2003-7-52] [REFERRED TO]
MOTI SINGH VS. STATE [LAWS(J&K)-2013-8-36] [REFERRED TO]
VAZHUTHACAUD R. NARENDRAN NAIR VS. STATE OF KERALA [LAWS(KER)-2024-2-211] [REFERRED TO]
M.G. VALSALAKUMAR, FORMERLY SPECIAL GRADE VS. STATE [LAWS(KER)-2007-10-106] [REFERRED TO]
RAJIV KUMAR VS. STATE OF U.P. AND ANR. [LAWS(SC)-2017-8-66] [REFERRED TO]
BABU LAL AND ORS. VS. STATE OF RAJASTHAN [LAWS(RAJ)-2015-4-82] [REFERRED TO]
ANAND KUMAR VS. CENTRAL BUREAU OF INVESTIGATION [LAWS(KAR)-2014-9-130] [REFERRED TO]
MAHESH KUMAR AGARWAL VS. CENTRAL BUREAU OF INVESTIGATION [LAWS(DLH)-2022-5-292] [REFERRED TO]
VINOD BHANDARI VS. STATE OF M P [LAWS(MPH)-2014-8-66] [REFERRED TO]
CHHOTYA VS. STATE OF M P [LAWS(MPH)-2011-7-66] [REFERRED TO]
KISHORBHAI VALLABHBHAI PATEL VS. STATE OF GUJARAT [LAWS(GJH)-2008-2-264] [REFERRED TO]
KATARIA NARESHKUMAR GALBABHAI VS. STATE OF GUJARAT [LAWS(GJH)-2018-12-162] [REFERRED TO]
CENTRAL BUREAU OF INVESTIGATION, MUMBAI VS. K DHARAMPAL [LAWS(BOM)-2018-7-39] [REFERRED TO]
PUBLIC PROSECUTOR HIGH COURT OF A P HYDERABAD VS. GOPICHETTY RAJENDRAN [LAWS(APH)-2003-12-125] [REFERRED TO]
SK DIXIT VS. CBI [LAWS(DLH)-2010-7-277] [REFERRED TO]
ASHISH KUMAR AND ANOTHER VS. STATE OF U.P. AND 3 OTHERS [LAWS(ALL)-2017-12-259] [REFERRED TO]
ADVENTZ INVESTMENTS AND HOLDINGS LIMITED VS. BIRLA CORPORATION LIMITED [LAWS(CAL)-2015-5-85] [REFERRED TO]
RAMESH RAJAGOPAL VS. DEVI POLYMERS PVT LTD [LAWS(MAD)-2010-11-104] [REFERRED TO]
RAM NARAYAN & ORS VS. STATE OF RAJASTHAN [LAWS(RAJ)-2015-4-279] [REFERRED TO]
SATYENDAR KUMAR JAIN VS. DIRECTORATE OF ENFORCEMENT [LAWS(DLH)-2023-4-168] [REFERRED TO]
MOHD. AMIR JAVED VS. STATE (NCT OF DELHI) [LAWS(DLH)-2023-9-15] [REFERRED TO]
NANJUNDAIAH VS. UNION OF INDIA [LAWS(KAR)-2021-7-87] [REFERRED TO]
KRISHAN JI BRAROO VS. STATE OF J&K [LAWS(J&K)-2004-12-16] [REFERRED TO]
DESAI BALDEVBHAI CHEHRABHAI VS. STATE OF GUJARAT & ORS [LAWS(GJH)-2017-9-82] [REFERRED TO]
JAYSUKH JAYESH MULJI RANPARIYA (PATEL) VS. STATE OF GUJARAT [LAWS(GJH)-2016-11-102] [REFERRED TO]
CENTRAL BUREAU OF INVESTIGATION, MUMBAI VS. BHUPENDRA CHAMPAKLAL DALALVYAS [LAWS(BOM)-2019-1-141] [REFERRED TO]
DHARAMBIR VS. CENTRAL BUREAU OF INVESTIGATION [LAWS(DLH)-2009-2-162] [REFERRED TO]
RAJESH HIMATLAL SHAH VS. STATE OF MAHARASHTRA [LAWS(BOM)-2013-10-54] [REFERRED TO]
ANOOP SINGH VS. STATE [LAWS(DLH)-2017-5-279] [REFERRED TO]
SHIBAMOY DUTTA AND ORS. VS. MANOJ KUMAR [LAWS(CAL)-2016-1-32] [REFERRED TO]
SMT. PUSHPA DEVI W/O SHRI MANAK LAL JAIN VS. THE STATE OF RAJASTHAN [LAWS(RAJ)-2017-9-68] [REFERRED TO]
MILAN PAUL VS. THE STATE OF TRIPURA [LAWS(TRIP)-2015-4-2] [REFERRED TO]
ROMESH KUMAR VS. STATE OF J&K [LAWS(J&K)-2011-8-39] [REFERRED TO]
DARSHAN SINGH VS. STATE OF PUNJAB [LAWS(P&H)-2013-10-7] [REFERRED TO]
ASHOK KUMAR VS. STATE OF PUNJAB [LAWS(P&H)-2012-1-661] [REFERRED]
DR. R. MUTHUKUMARAN VS. RAMESH BABU [LAWS(MAD)-2017-3-24] [REFERRED TO]


JUDGEMENT

- (1.)Notwithstanding my great respect for learned Brother Shah's wisdom and erudition. I am unable to agree that some of the appellants i.e. A-1, A-3 and A-5 deserve to be acquitted. My reasons with which Brother Agrawal also agrees, are as follows:
(2.)The present appeals relate to Special Case No. 6/1994 which was one of the 32 cases filed by the Central Bureau of Investigation (in short the 'CBI') under the provisions of Special Court (Trial of offences relating to Transactions in Securities) Act, 1992 (in short the 'Special Court Act').
(3.)Before constitution of the Court under the Special Court Act several enquiries were made in relating to securities scam which allegedly broke out in May 1992 in various types of transactions relating to government securities. The basic allegation was that these transactions were made in active connivance with the officials of banks, financial institutions and shareholders. One Committee known as Jankiraman Committee was appointed by the Reserve Bank of India (hereinafter referred to as the 'RBI') under the chairmanship of one Shri R. Jankiraman, the then Deputy Governor of the RBI. The Committee submitted its report between May 1992 and April 1993. First report in point of time was submitted by the Committee in May 1992 and it was indicated that the amount involved was estimated to be about rupees 4,300/- crores. The Government first promulgated an Ordinance which was replaced by the Special Court Act on 8th August, 1992.


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