0093-2021 Kotak Mahindra Bank Ltd. vs NSEIL and Others
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“89. In the factual scheme of the present case, the foremost thing to be noted is that there are two sets of assets in control of the respondents – first, security deposits and second, withheld securities. The security deposits came to be deposited on account of membership obligations and the securities were withheld on account of failure to complete settlements. Though the challenge is limited to withheld securities, the provisions relating to such securities address both these categories of assets collectively and thus, they are being discussed accordingly for a comprehensive
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Date of Hearing : 04.07.2022 Date of Decision : 24.08.2022
Misc. Application No. 135 of 2021 And
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