Supreme Court of India
Rusoday Securities Ltd. v. National Stock Exchange of India Ltd. & Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We hold that the Tribunal rightly confirmed the order of expulsion and we uphold the same.
Judgment, page 51
From the headnote
Securities Contracts (Regulations) Act, 1956: Sections 3(2) and 9 – Appellant admitted as trading member of NSE (Stock Exchange) – Was authorized by the Stock Exchange to become a clearing member of National Securities Clearing Corporation Ltd. (NSCCL/ Clearing Corporation) – App ellant had executed undertaking in favour of the Stock Exchang e as well as the Corporation to abide by and comply with the Rules, Byelaws, and Regulations of the Exchange and of the Corporation and also to abide by Circulars, Orders, Directions, Notices or Instructions issued/modified/amended from time to time – By
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