https://www.taxtmi.com/caselaws?id=103918 Natural justice is flexible and depends on the urgency, subject matter, and surrounding circumstances. In the context of exchange regulation, where a trading member repeatedly breached exposure limits despite prior warning and contemporaneous intimation, immediate withdrawal of trading facilities and declaration of default were not vitiated for want of a fuller hearing. The court's reasoning accepts that abbreviated opportunity may satisfy fairness when prompt action is needed to protect market integrity and investors, and the exchange had already informed the member that the facility would be withdrawn if the excess exposure was not reduced. The challenge therefore failed. en-us Mon, 22 Sep 1997 00:00:00 +0530 Sat, 25 Feb 2012 10:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103918 Natural justice is flexible and depends on the urgency, subject matter, and surrounding circumstances. In the context of exchange regulation, where a trading member repeatedly breached exposure limits despite prior warning and contemporaneous intimation, immediate withdrawal of trading facilities and declaration of default were not vitiated for want of a fuller hearing. The court's reasoning accepts that abbreviated opportunity may satisfy fairness when prompt action is needed to protect market integrity and investors, and the exchange had already informed the member that the facility would be withdrawn if the excess exposure was not reduced. The challenge therefore failed. Case-Laws Companies Law Mon, 22 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103918