https://www.taxtmi.com/caselaws?id=102673 The court found in favor of the petitioners, members of the Magadh Stock Exchange Association, on the ground of gross violation of natural justice principles. The impugned decisions declaring them as defaulters were quashed. The court directed the council of management of the stock exchange to reconsider the matter within two months, emphasizing the need for adherence to natural justice principles and fair play. The petitioners were prohibited from participating in transactions during this period, with consequential benefits to follow from the fresh decision. No costs were awarded in the case. en-us Fri, 03 Feb 1995 00:00:00 +0530 Wed, 15 Feb 2012 16:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102673 The court found in favor of the petitioners, members of the Magadh Stock Exchange Association, on the ground of gross violation of natural justice principles. The impugned decisions declaring them as defaulters were quashed. The court directed the council of management of the stock exchange to reconsider the matter within two months, emphasizing the need for adherence to natural justice principles and fair play. The petitioners were prohibited from participating in transactions during this period, with consequential benefits to follow from the fresh decision. No costs were awarded in the case. Case-Laws Companies Law Fri, 03 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102673