0148-2010 M-s Emmel Financial Services vs Bombay Stock Exchange Limited and Others
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2.13 Respondent No.3, vide its letter dated 8th February 2002 forwarded to the Exchange, a list of its clients to whom it had pending obligations in respect of transactions on the Exchange. To the shock and surprise of the Exchange, the said letter revealed for the first time that Respondent No.3 had outstanding Exchange liabilities to 46 parties totally amounting to over Rs.19.68 crores including the claim of the Appellant. Annexed hereto and marked Exhibit “C” is a copy of the said letter dated 8.2.2002. 2.14 In view of the said shocking revelation by Respondent No.3, and since
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI Appeal No. 148 of 2010 And Misc. Applications No. 98 and 113 of 2010 Date of decision: 28.6.2011
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