https://www.taxtmi.com/caselaws?id=109449 The court dismissed the writ petitions challenging the annulment of trades by the National Stock Exchange (NSE) during settlement No. 27 for shares of Maruti Organics Limited. It upheld the NSE's authority to annul trades in cases of fraud or market manipulation, citing statutory power under the Securities Contracts (Regulation) Act, 1956. The court directed compensation for genuine buyers not involved in fraud and disciplinary action against errant stock brokers. en-us Tue, 21 Oct 2003 00:00:00 +0530 Tue, 10 Apr 2012 12:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109449 The court dismissed the writ petitions challenging the annulment of trades by the National Stock Exchange (NSE) during settlement No. 27 for shares of Maruti Organics Limited. It upheld the NSE's authority to annul trades in cases of fraud or market manipulation, citing statutory power under the Securities Contracts (Regulation) Act, 1956. The court directed compensation for genuine buyers not involved in fraud and disciplinary action against errant stock brokers. Case-Laws Companies Law Tue, 21 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109449