Supreme Court of India · 2015-12-11
Calcutta Stock Exchange vs M/S Blb Limited
- Court
- Supreme Court of India
- Petitioner
- Calcutta Stock Exchange
- Respondent
- M/S Blb Limited
- Bench
- Abhay Manohar Sapre, J. Chelameswar
Judgment text excerpt
The Supreme Court dismissed the special leave petition challenging the Delhi High Court's order in OA No.11 of 2013, which upheld the dismissal of the petitioner's application to summon business transaction records under Order XVI Rule 1 CPC. The Court noted that the petitioner, a stock exchange, failed to demonstrate a legal obligation for the payment made under protest, as the plaintiff's claims were based on alleged collusive transactions. The Court held that the dismissal of the interlocutory application was justified, affirming the lower court's decision.