1999 (1) TMI 412 - HC - Companies Law

Summary

The High Court of Bombay rejected the Petitioner's application for readmission as a member of the Stock Exchange. The Petitioner had assigned membership rights to another entity, leading to breaches of rules and regulations. The Committee found the Petitioner lacked control over his business, resulting in significant liabilities. The Petitioner's non-compliance with rules led to the rejection of the readmission request. The Court dismissed the petition, citing differences with a similar case. (Case Citation: 1999 (1) TMI 412 - HIGH COURT OF BOMBAY)