0153-2008 Harinarayan G. Bajaj vs The Investors Protection Fund of Stock Exchange, Mumbai and Another

SAT · Final order

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Full text

“5. Perusal of the aforesaid two provisions would show that the Trust may compensate the members of the public in respect of their claim against defaulter members of the Stock Exchange. The discretion to the Trust for determination of award of compensation is absolute and it may accept, reject or partially grant or allow claims and make payment to the concerned member of the public against defaulter member of the Stock Exchange. Such absolute discretion can also be exercised by withholding the amount payable to a member of the public against defaulting member of the Stock Exchange if

BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 153 of 2008 Date of decision : 15.07.2009 Harinarayan G. Bajaj …… Appellant Versus

1. The Investors Protection Fund of Stock Exchange, Mumbai 2. The Stock Exchange, Mumbai. …… Respondents Mr. Shailesh H. Bajaj, Constituted Attorney of the Appellant. None for Respondent No.1. Mr. P. N. Modi Advocate with Mr. Sagar Divekar Advocate for Respondent No.2. Coram : Justice N.K. Sodhi, Presiding Officer Samar Ray, Member Per : Justice N.K. Sodhi, Presiding Officer Harinarayan G. Bajaj is the appellant before us. He is an investor and trades,

Source: SecMarx — 0153-2008 Harinarayan G. Bajaj vs The Investors Protection Fund of Stock Exchange, Mumbai and Another. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.