Uttarakhand HC: Severity of POCSO Charges Alone Cannot Deny Juvenile Bail || Madras HC Grants Anticipatory Bail to Man Accused of Watching CM Vijay's Unreleased Film Online || Jharkhand HC: Interest under Employees' Compensation Act Runs From Date of Accident || Bombay HC Quashes Wakf Property Mutation as Enemy Property, Mandates Due Process || J&K&L High Court: Limitation Must be Decided Before Hearing Appeal Against 31-Year-Old Mutation || Allahabad HC Summons UP Home Secretary Over Delay in Custodial Death Compensation Guidelines || Delhi HC Differs with DPIIT Paper, Says ChatGPT Injunction Would Hurt AI Development || Supreme Court: MHADA can Enforce Developer's Rehabilitation Commitments || SC: Transfer of Defrauded Funds To Accused's Account Alone Cannot Warrant Clubbing FIRs || Supreme Court: States with Under 1,000 Consumer Cases Can Abolish Select District Commissions

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 :