https://www.taxtmi.com/caselaws?id=110757 The court upheld the Stock Exchange's decision to reject a claim for amounts from the Investor Protection Fund, emphasizing the discretionary nature of the Fund and the importance of adhering to Exchange rules. It ruled that SEBI guidelines did not mandate fund release and supported the Exchange's view that claims must align with its bye-laws. The court highlighted the Fund's purpose of safeguarding small investors and dismissed the petition, citing precedent and underscoring the need for fair and transparent operations. en-us Mon, 27 Feb 2006 00:00:00 +0530 Wed, 18 Apr 2012 15:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110757 The court upheld the Stock Exchange's decision to reject a claim for amounts from the Investor Protection Fund, emphasizing the discretionary nature of the Fund and the importance of adhering to Exchange rules. It ruled that SEBI guidelines did not mandate fund release and supported the Exchange's view that claims must align with its bye-laws. The court highlighted the Fund's purpose of safeguarding small investors and dismissed the petition, citing precedent and underscoring the need for fair and transparent operations. Case-Laws Companies Law Mon, 27 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110757