Supreme Court · 2020 INSC 663 · Decided 27 November 2020
Indian Commodity Exchange Limited v. Neptune Overseas Limited & ORS.
- Court
- Supreme Court of India
- Citation
- 2020 INSC 663 · [2020] 13 S.C.R. 129
- Case number
- CIVIL APPEAL No. 9037/2019
- Decided
- 27 November 2020
- Bench
- SANJAY KISHAN KAUL, HRISHIKESH ROY (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Forward Contracts (Regulation) Act, 1952 - ss.3, 4, 5, 6, 7 and 8 - Respondent No.1 is Company (NOL) and respondent No.2 is the founder and CEO of National Multi Commodity Exchange India Limited (NMCE) as well as Managing Director of NOL - Respondent No.2 was served with a dated 21.06.2011 on basis of a communication by a independent journalist to Forward Markets Commission (FMC) which alleged trading irregularities within NMCE along with an allegtion of abuse of position by respondent nos.1 and 2 - The notice gave respondent no.2 a period of 10 days to
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