Supreme Court · 2010 INSC 49 · Decided 19 January 2010
Mahesh Ratilal Shah v. Union of India and ORS.
- Court
- Supreme Court of India
- Citation
- 2010 INSC 49 · [2010] 1 S.C.R. 784
- Case number
- SPECIAL LEAVE PETITION (CRIMINAL) No. 21686/2006
- Decided
- 19 January 2010
- Bench
- ALTAMAS KABIR, CYRIAC JOSEPH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Criminal
- Acts & sections cited
- Constitution Article 226
Headnote
Securities Contracts (Regulation) Act, 1956: c s.4 - Absence of publication of the Rules and Bye-laws of the Bombay Stock Exchange, framed prior to its recognition in 1956 under the Act would not render its activities illegal and without authority. ss. 7 and 9 - Non-compliance of - Listing of shares - Petitioner's a/legation that Bombay Stock Exchange (BSE) acted contrary to the interest of the securities market and investors in listing the share scrips of a company involved in fraudulent dealing of its scrip - Held: There is nothing to establish any ulterior motive on the part of BSE
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