LAWS(SC)-2005-5-27

STANDARD CHARTERED BANK Vs. DIRECTORATE OF ENFORCEMENT

Decided On May 05, 2005
Standard Chartered Bank And Ors. Appellant
V/S
Directorate Of Enforcement And Ors. Respondents

JUDGEMENT

(1.) (for himself and on behalf of N. Santosh Hegde, J.) :- Leave granted.

(2.) We have had the benefit of reading the opinions expressed by our esteemed and learned brothers Balakrishnan, Dharmadhikari and Arun Kumar, JJ. With great respect, we are unable to persuade myself to the views expressed therein.

(3.) Brother Balakrishnan, J., has indicated in his judgment the circumstances under which the reference has been made to this larger Bench to reconsider the correctness of the view expressed by the majority in Assistant Commissioner, Assessment -II, Bangalore and Ors. vs. Velliappa Textiles Ltd. and Anr., (2003) 11 SCC 405