Calcutta HC: Award May Be Set Aside if Tribunal Rewrites Contract or Ignores Key Clauses || Delhi HC Suspends Kuldeep Singh Sengar’s Life Term, Holding Section 5(C) of POCSO Not Made Out || Calcutta High Court: Arbitration Clause in an Expired Lease Cannot be Invoked For a Fresh Lease || Delhi High Court: 120-Day Timeline under Section 132B Of Income Tax Act is Not Mandatory || NCLAT Reaffirms That Borrower's Debt Acknowledgment Also Extends Limitation Period for Guarantors || NCLAT: Oppression & Mismanagement Petition Cannot Be Filed Without Company Membership on Filing Date || Supreme Court Quashes Rajasthan Village Renaming, Says Government Must Follow its Own Policy || NCLAT: NCLT Can Order Forensic Audit on its Own, No Separate Application Required || NCLAT Reiterates That IBC Cannot be Invoked as a Recovery Tool for Contractual Disputes || Delhi HC: DRI or Central Revenues Control Lab Presence in Delhi Alone Does Not Confer Jurisdiction

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 :