Financial Establishments Act

The Supreme Court has up...

The Supreme Court partly heard the submissions made by NSEL, represented by Senior Advocate Mukul Rohatgi in a batch of petitions filed by the State of Maharashtra and NSEL Investors Action Group challenging the order passed by the Bombay High Court, observing that the National Spot Exchange Limited was not a Financial Establishment within the purview of the Maharashtra Protection of Interest of Depositors in Financial Establishment Act 1999. 

The Supreme Court will c...