Announced Mon, 6 Jul · 22:57 IST
Bombay High Court dismisses MCX 2017 criminal writ, imposes Rs 5 lakh cost
MCX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹2725.70
prior close
₹2730.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.3-2.4-2.5-3.2+1.3+2.3+1.7+2.1+6.4+3.4————
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AI summary
Bombay High Court has dismissed a criminal writ filed by MCX in 2017. The writ sought registration of FIRs and police or EOW investigation against entities flagged in a 2003 to 2013 audit of vendor dealings. The court imposed a cost of Rs 5 lakh, payable to Bar Council of Maharashtra and Goa Advocate Academy. MCX clarified no violation was alleged against the company. Financial impact is limited to the Rs 5 lakh cost, and MCX may challenge the order.
Likely market impact
Minor loss; Rs 5 lakh cost is immaterial. MCX may appeal, and the dismissed writ was MCX own petition seeking action against vendors.