SC: ‘Abandonment of Service is Not Voluntary Retirement’, Denying SBI Clerk Pension Benefits || Supreme Court: Stranger Affected by an Interim Order is Entitled to be Impleaded in Writ Proceedings || Supreme Court: Courts Cannot Replace an Authority’s Discretion, and Sets Aside Direction to Governor || SC: Title Suit Hit by Constructive Res Judicata if Omitted in Prior Injunction Suit Disputing Title || SC Clarifies Whether a Co-Operative Society Can Act as a Resolution Applicant under the IBC || Chhattisgarh High Court: Innocent Litigants Should Not be Penalized For Lapses by Their Lawyers || Delhi High Court: Marriage With the Victim Cannot Absolve an Accused of Rape under POCSO || J&K&L HC: Acquisition Lapses if 80% Compensation is Unpaid Before Possession under Section 17A || Delhi HC: Policy Number is Not Mandatory For LIC Details under RTI, But Basic Details are Required || SC: Courts Must Curb Unlicensed Money Lenders; Probes Need Not Wait For New Law

National Spot Exchange Limited v. State of Maharashtra and Ors. - (High Court of Bombay) (01 Oct 2015)

NSEL subject to provisions of MPID

MANU/MH/2581/2015

Criminal

The Bombay High Court dismissed NSEL’s petition against the application of Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999. It determined NSEL, the alleged fraud perpetrated and the purpose for which money was received by depositors to fulfill all conditions for attracting the MPID Act.

Relevant : Section 3 Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 Act

Tags : STOCK EXCHANGE MAHARASHTRA DEPOSITORS

Share :