Supreme Court of India · 2005-04-01
K.C. Sharma vs Delhi Stock Exchange & Ors
- Citation / case number
- AIR 2005 SUPREME COURT 2884
- Court
- Supreme Court of India
- Petitioner
- K.C. Sharma
- Respondent
- Delhi Stock Exchange & Ors
- Bench
- K.G. Balakrishnan, B.N. Srikrishna
Judgment text excerpt
The Supreme Court upheld the Delhi High Court's decision that the termination of the appellant's service by the Delhi Stock Exchange was malafide and illegal, thus violating Article 14 and Article 21 of the Constitution. The Court affirmed that the Stock Exchange qualifies as 'State' under Article 12, thereby subjecting it to constitutional scrutiny. The termination was quashed, and the appellant was reinstated with full benefits.