https://www.taxtmi.com/caselaws?id=385825 The court upheld the rejection of a petitioner's claim for compensation from the Investors Protection Fund due to the transaction not being executed through the exchange platform, as per SEBI circulars. Despite arbitration awards in favor of the petitioner, the court emphasized the discretionary nature of compensation decisions and the importance of adhering to the guidelines set by the circulars, which specified that only transactions executed on the BSE platform were eligible for compensation from the Fund. The court dismissed the petitions, underscoring the need for fair and non-arbitrary decisions in such matters. en-us Wed, 04 Sep 2019 00:00:00 +0530 Sat, 14 Sep 2019 10:28:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385825 The court upheld the rejection of a petitioner's claim for compensation from the Investors Protection Fund due to the transaction not being executed through the exchange platform, as per SEBI circulars. Despite arbitration awards in favor of the petitioner, the court emphasized the discretionary nature of compensation decisions and the importance of adhering to the guidelines set by the circulars, which specified that only transactions executed on the BSE platform were eligible for compensation from the Fund. The court dismissed the petitions, underscoring the need for fair and non-arbitrary decisions in such matters. Case-Laws SEBI Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385825