https://www.taxtmi.com/caselaws?id=459234 Bombay HC rejected a writ petition challenging NSE's Investor Grievance Redressal Committee decision. Petitioner, a registered stock broker, faced terminal shutdown after failing to maintain required margin money following Rs. 9.08 crore trading losses. The Committee found petitioner's claim against client inadmissible after considering both parties' submissions. HC held the expert committee's decision was not amenable to writ jurisdiction review, noting the established procedure operates to maintain Stock Exchange confidence. Petitioner's offer of residential property security without title deeds was deemed inadequate. Terminal shutdown resulted from non-compliance with margin requirements, not SEBI order. en-us Wed, 27 Feb 2019 00:00:00 +0530 Thu, 05 Dec 2024 21:12:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459234 Bombay HC rejected a writ petition challenging NSE's Investor Grievance Redressal Committee decision. Petitioner, a registered stock broker, faced terminal shutdown after failing to maintain required margin money following Rs. 9.08 crore trading losses. The Committee found petitioner's claim against client inadmissible after considering both parties' submissions. HC held the expert committee's decision was not amenable to writ jurisdiction review, noting the established procedure operates to maintain Stock Exchange confidence. Petitioner's offer of residential property security without title deeds was deemed inadequate. Terminal shutdown resulted from non-compliance with margin requirements, not SEBI order. Case-Laws SEBI Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459234