https://www.taxtmi.com/caselaws?id=464511 Exchange bye-laws governing compensation from the Investor Protection Fund excluded claims relating to loans, with or without security, and SEBI and exchange circulars required exchange-based transactions to satisfy Defaulters' Committee norms. The committee treated inactivity for more than 24 months as a relevant bar. On the stated facts, the claimants had not traded for over 24 months, so their deposits were treated as falling within the excluded loan category. The rejection of their claims was therefore sustained, and no legal error was found in the impugned orders. en-us Wed, 07 Jun 2023 00:00:00 +0530 Mon, 03 Nov 2025 18:15:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464511 Exchange bye-laws governing compensation from the Investor Protection Fund excluded claims relating to loans, with or without security, and SEBI and exchange circulars required exchange-based transactions to satisfy Defaulters' Committee norms. The committee treated inactivity for more than 24 months as a relevant bar. On the stated facts, the claimants had not traded for over 24 months, so their deposits were treated as falling within the excluded loan category. The rejection of their claims was therefore sustained, and no legal error was found in the impugned orders. Case-Laws SEBI Wed, 07 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464511