SUPRABHAT LALA vs NATIONAL STOCK EXCHANGE LTD.

072. } ….Petitioner Versus 1. National Stock Exchange Ltd., } a company registered under } the Companies Act, 1956 } 2. Chairman, } National Stock Exchange Ltd. } 3. Ashish Kumar Chauhan, } Managing Director & CEO, } National Stock Exchange Ltd. } 4. Shharad Dhakkate, } Chief Human Resources Officer, } National Stock Exchange Ltd. } Respondent Nos.1 to 4 having their registered } at Exchange Plaza, C-1, Block G, Bandra Kurla } Complex, Bandra (East), Mumbai – 400 051. } ...Respondents ... Mr. K.P. Anilkumar with Mr. Amit Saple, Ms. Priyanka Kumar and Mr. Chinmay Apte, Advocates for the Petitioner Mr. Ashish Kamat, Senior Advocate, with Mr. Prathamesh Kamat, Mr. Ishan Agrawal, Ms. Priyanka Chaddha, Mr. Kush Khandelwal, Mr. Ashutosh Mishra, Ms. Tanya Hasija and Mr. Divakar Dadhich, Advocates, i/by Nyaayam Associates, for the Respondents ... The date on which the arguments were heard : 5TH AUGUST, 2025. The date on which the Judgment is pronounced: 16TH OCTOBER, 2025. CORAM : SHREE CHANDRASHEKHAR, CJ & MANJUSHA DESHPANDE, JJ 1/22 WP-4018-24-F Dilwale Per, Shree Chandrashekhar, CJ. : The petitioner seeks to challenge the order of termination of his service issued on 24th July 2023 unde