Calcutta HC Disqualifies Politician Mukul Roy from Assembly under Anti-Defection Law || Supreme Court Bans Mining in and Around National Parks and Wildlife Sanctuaries || Supreme Court Terms Delay in Framing Charges for 4 Years in Maharashtra Case ‘Shocking’ || Kerala High Court: Widow’s Remarriage No Bar to Compassionate Appointment || Delhi HC: Child Care Leave Not Absolute but Cannot Be Denied Arbitrarily || Bombay HC: Furnace Oil Not Part of ‘Plant & Machinery’, No Complete Sales Tax Set-Off || MP HC: Injury Not Required to Prove Attempt to Murder || Supreme Court: Tenant Must Pay Rent Despite Appeal Against Fixation Order Without Stay || Supreme Court: Counterclaim under Order 8 Rule 6A CPC Allowed Only Against Plaintiff || SC: Externally Procured Parts Given For Assembly, Not Used in Manufacture, Not Liable to Excise Duty

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 :