NSE Files Rs 100 Crore Defamation Suit Against Moneylife

Posted By:

The National Stock Exchange (NSE) on Tuesday said that it has filed a defamation suit, against an organization and its representatives who published unsubstantiated and misleading reports against the exchange.

NSE Files Rs 100 Crore Defamation Suit Against Moneylife

The exchange has sought withdrawal of those reports etc, as well as, has made a claim of Rs 100 cr (which can be revised upwards). These reports referred to algo trading mechanism etc, the NSE said in the press release.

As you know since inception, NSE has been maintaining a high degree of surveillance and integrity in its day to day operation, strictly adheres to the rules, regulations and guidelines issued by the regulators from time to time.

The matter is now pending in the hon'ble High Court of Mumbai, added further.


Read more about: nse
Story first published: Wednesday, July 22, 2015, 12:41 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?