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december 2015

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.

Calcutta Stock Exchange vs M/S Blb Limited · Niyam