In Brief
NDA Securities alleged that respondent company's shares were fraudulently sold via impersonation, and the BSE withheld the sale proceeds (Rs. 15.90 lakhs) pending investigation. The respondent sought release of these funds via Section 482 CrPC petition, which the High Court granted. The Supreme Court reversed this, holding the High Court exceeded its inherent jurisdiction by effectively conducting a mini-trial and prematurely exonerating the respondent when investigation remained incomplete and the respondent was the main beneficiary of the alleged fraud. The Court kept the funds with BSE pending trial, emphasizing that investigation integrity should not be compromised.
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