https://www.taxtmi.com/caselaws?id=104804 The High Court of Mumbai held, at the prima facie stage, that the stock exchange's material could not be ignored where repeated non-delivery of shares was shown. It accepted that the bye-laws made the member-broker directly and primarily liable for due fulfilment of bargains, regardless of the ultimate client, and that the exchange's rules governed all securities bargains. Allegations of mala fides lacked particulars, and no clear breach of natural justice was made out on the interim record. Balancing private and public interests, the Court treated market integrity and investor protection as paramount and refused the injunctions sought. en-us Wed, 26 Jul 2000 00:00:00 +0530 Thu, 01 Mar 2012 13:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104804 The High Court of Mumbai held, at the prima facie stage, that the stock exchange's material could not be ignored where repeated non-delivery of shares was shown. It accepted that the bye-laws made the member-broker directly and primarily liable for due fulfilment of bargains, regardless of the ultimate client, and that the exchange's rules governed all securities bargains. Allegations of mala fides lacked particulars, and no clear breach of natural justice was made out on the interim record. Balancing private and public interests, the Court treated market integrity and investor protection as paramount and refused the injunctions sought. Case-Laws Companies Law Wed, 26 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104804