2018 (1) TMI 1553

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..... achin Chandarana a/w Ms. Lipsa Unadkat, Advocates i/b MKA & Co. for the Respondent. ORDER J. P. Devadhar (Oral) 1. This appeal is filed to challenge the communication of National Stock Exchange Ltd. ("NSE" for short) dated 30th June, 2017. By the said communication it is held that the claim of the appellant against expelled member Kassa Finvest Private Limited is admissible to the extent of Rs. .....

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..... ay entire claim admissible to the appellants. 3. We see no merit in the above contentions. 4. Fact that the claim held liable to be paid (admissible) by the erring broker to the appellants comes to Rs. 1,70,69,707.50/- does not mean that NSE is liable to pay the said admissible amount to the appellants. Since the guidelines framed by NSE provide for maximum payment of Rs. 15 lakh from IPF, the a .....

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