Supreme Court: Rape Conviction Possible Without S.376 Charge if POCSO Case Fails on Age Proof  ||  SC: Mere Long Possession Can't Establish Adverse Possession; Hostile Intent is Required  ||  Supreme Court Finds Gaps in FSSAI’s Proposed Warning Labels for Foods High in Fat, Sugar and Salt  ||  Supreme Court Quashes ITS Officer's 'Deadwood' Retirement, Orders Rs. 15 Lakh Payment  ||  Uttarakhand HC: District Magistrate to Establish Public Helpline within 24 Hrs amid Water Pollution  ||  Allahabad HC: Custodial Violence and Molestation Are Crimes, Not Police Duty  ||  Gujarat High Court: Bombay Public Trust Registration is Covered by Section 43 of the Waqf Act  ||  J&K&L HC: Advocates not Above Law, No Immunity from Lawful Police Inquiry  ||  Gauhati HC: Talaq-e-Hasan Valid, Requires Registration under Assam Marriage Act  ||  NCLAT: NCLT President Empowered to Transfer Cases from One Bench to Another    

National Stock Exchange of India Limited v. Moneywise Media Private Limited and Ors. - (High Court of Bombay) (09 Sep 2015)

NSE’s defamation claim against article alleging benefits to select traders rejected

MANU/MH/2384/2015

Capital Market

Mere boldness, strength of expression, or even exaggeration does not make a comment unfair; Plaintiffs will succeed if a reasonable person would not have been moved to draw conclusions or make statements the Defendants have. The National Stock Exchange had claimed before the Bombay High Court that articles published by Sucheta Dalal and Debashish Basu on their website were defamatory. The articles, based on information provided in an anonymous letter, had alleged illicit trading advantages afforded by NSE to select algorithmic trades, which benefited from premium co-location access, reducing their latency. The Court, declining the application for injunction, noted the influential role Sucheta Dalal had played in bringing to light the ‘Harshad Mehta scam’ in 1992 and dismissed “petty-minded” assertions of the NSE that she was prone to scare-mongering or populism.

Relevant : Shree Maheshwar Hydel Power Corporation Ltd. v. Chitroopa Palit & Anr.MANU/MH/1008/2003 Rajagopal v. State of Tamil NaduMANU/SC/0056/1995 Devidas Ramachandra Tuljapurkar v. State of Maharashtra MANU/SC/0612/2015

Tags : DEFAMATION   NSE   ANONYMOUS   JOURNALISM  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved