Chhattisgarh HC: Father Must Provide Maintenance and Marriage Expenses to Unmarried Adult Daughter  ||  Delhi HC Rules That ‘Hermès’ and the 3D Shape of its ‘Birkin’ Bag are Well-Known Trademarks in India  ||  Kerala HC: Arrest is Illegal if Accused isn’t Produced in 24 Hours and Rearrest From Prison is Barred  ||  Supreme Court: Treating Every Sour Relationship as Rape Undermines the Seriousness of the Offence  ||  Supreme Court: Section 7 IBC Application Cannot be Rejected for Curable Defects in Affidavit  ||  NCLT Kochi: Sec 7 Insolvency Cannot be Filed Against Guarantor Without First Enforcing the Guarantee  ||  Patna High Court: Mere Two-And-A-Half-Year Incarceration is Not Sufficient for Bail under UAPA  ||  Bombay HC: Insolvency Cannot be Used to Evade a Family Court’s Maintenance Order  ||  Kerala HC: Forklifts and Factory Cranes Are Motor Vehicles and Must be Registered under MV Act  ||  Guj HC: Edible Crude Palm Kernel Oil Qualifies for Duty Exemption; End-Use Condition not Applicable    

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 2025 - All Rights Reserved