https://www.taxtmi.com/caselaws?id=385118 The Supreme Court granted permission to file an appeal and issued interim directions for the payment of a matured F & O Segment contract. The National Security Clearing Corporation Limited was directed to honor the contract without prejudice to the parties' rights. Certain entities were allowed to convert/sell/encash mutual funds provided as security, with the realized amount to be deposited in a fixed deposit. The Court mandated the deposit in the name of IL & FS Securities Services Limited for six months, pending further orders. Jurisdiction issues involving regulatory bodies and interpretation of bye-laws were left open for final hearing and clarification after four weeks. en-us Tue, 27 Aug 2019 00:00:00 +0530 Fri, 30 Aug 2019 08:34:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385118 The Supreme Court granted permission to file an appeal and issued interim directions for the payment of a matured F & O Segment contract. The National Security Clearing Corporation Limited was directed to honor the contract without prejudice to the parties' rights. Certain entities were allowed to convert/sell/encash mutual funds provided as security, with the realized amount to be deposited in a fixed deposit. The Court mandated the deposit in the name of IL & FS Securities Services Limited for six months, pending further orders. Jurisdiction issues involving regulatory bodies and interpretation of bye-laws were left open for final hearing and clarification after four weeks. Case-Laws SEBI Tue, 27 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385118