Appeal withdrawn, NSE to rehear with fresh order. Trade logs to be provided. No costs awarded. The appeal challenging the decision of the Standing Committee of the National Stock Exchange of India Limited (NSE) was allowed to be withdrawn. The NSE ...
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Appeal withdrawn, NSE to rehear with fresh order. Trade logs to be provided. No costs awarded.
The appeal challenging the decision of the Standing Committee of the National Stock Exchange of India Limited (NSE) was allowed to be withdrawn. The NSE agreed to rehear all parties and issue a fresh order on merits following a previous tribunal decision. NSE was directed to provide relevant trade and order logs to all parties before issuing the new order. The appeal was disposed of with no order as to costs.
Issues: Challenge to decision of Standing Committee of NSE
Analysis: The appeal was filed to challenge the decision of the Standing Committee of the National Stock Exchange of India Limited (NSE) dated May 6, 2014. The counsel for NSE acknowledged that in light of a previous decision by the Tribunal in the case of M/s. Emkay Global Financial Services Limited vs. NSE, the Committee of NSE would rehear all parties and issue a fresh order on merits. Consequently, the impugned order was allowed to be withdrawn, granting liberty to the Committee of NSE to issue a fresh order on merits. NSE was directed to provide all relevant trade and order logs to all parties before issuing the fresh order. The appeal was disposed of with no order as to costs.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
