SC Cancels Chhota Rajan's Bail in 2001 Jaya Shetty Murder Case || NCLAT: Workmen Can Claim Dues Post-Layoff If They Worked After Corporate Debtor's Notice Issuance || NCLAT: Debt Can be Proved Through Any Documentary Evidence, No Written Contract Needed. || Madras HC: Railway Authorities Can't Deboard Valid-Ticket Passengers Heading to Protest || Delhi HC: Women’s Entry into Army Corps Can’t be Restricted; Vacant Male Posts Must be Open to Women || Delhi HC: Pressuring Husband to Cut Ties With His Family Amounts to Cruelty; Ground For Divorce || Bombay HC: Magistrate Need Not Pass Preliminary Order U/S 145 CrOC If HC or SC Directs Inquiry || Delhi HC Allows Woman to Terminate 22-Week Pregnancy from False Promise of Marriage || Supreme Court: Reasons Omitted In an Order May be Considered In Specific Circumstances || SC: Execution of Arbitral Award Cannot be Stalled Just Because Section 37 Appeal is Pending

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 :