Supreme Court of India

Indian Commodity Exchange Limited v. Neptune Overseas Limited & Ors.

Neutral citation
Reported as [2020] 13 S.C.R. 129
Bench Sanjay Kishan Kaul and Hrishikesh Roy JJ.
Decided 27 November 2020

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.

From the 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 o f NOL – Respondent No.2 was served with a detailed show cause notice dated 21.06.2011 on basis of a communication by a independent journalist to Forward Markets Commission (FMC) which alleged t rading 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 respond

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