Maharashtra Protection of Interest of Depositors Act, 1999 Archives

Supreme Court settles the definition of ‘Financial Establishment’ under MPID Act: State of Maharashtra vs. 63 Moons Technologies Ltd. (2022) INSC 465 (22 April 2022)

April 22, 2022 / Bela M Trivedi, Companies Act, 1956, Companies Act, 1956 with Section 396, Dhananjaya Y Chandrachud, Financial Establishment, Judges, Maharashtra Protection of Interest of Depositors Act, 1999, Maharashtra Protection of Interest of Depositors Act, 1999 with Section 2(c), Maharashtra Protection of Interest of Depositors Act, 1999 with Section 2(d), Surya Kant

Supreme Court Upholds MPID Act: NSEL Deemed Financial Establishment LEGAL ISSUE: Whether National Spot Exchange Ltd (NSEL) is a ‘financial establishment’ under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID Act). CASE TYPE: Civil Law, Financial Law Case Name: The State of Maharashtra vs. 63 Moons Technologies Ltd. Judgment Date: […]

Supreme Court settles the definition of ‘Financial Establishment’ under MPID Act: State of Maharashtra vs. 63 Moons Technologies Ltd. (2022) INSC 465 (22 April 2022) Read Post »

Supreme Court overturns Bombay High Court order on defreezing of bank accounts in MPID case (7 September 2017)

LEGAL ISSUE: Whether the High Court can entertain a second application for the same relief after the first one was withdrawn. CASE TYPE: Criminal Law, Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 Case Name: State of Maharashtra vs. Avinash Judgment Date: 7 September 2017 Date of the Judgment: 7 September 2017