M/S. Samant And Another vs Bombay Stock Exchange & Ors

The Supreme Court upheld the High Court's dismissal of the appellants' writ petition challenging their declaration as defaulters by the Stock Exchange, citing violations of natural justice. The Court found that the appellants were not denied a fair hearing, as the decision was based on their prior fraudulent activities and financial difficulties. The Court affirmed the High Court's ruling on the grounds of delay and laches, emphasizing that the principles of natural justice were not violated in this case.