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Supreme Court Quashes ₹460-Crore Securities Restitution Against Clearing Members; Holds NSE Clearing Lacked Power and PCMs Had No Duty to Verify Individual Investors’ Positions Before Liquidation
Supreme Court Sets Aside Restitution of ₹460-Crore Securities; Holds Professional Clearing Member Not Liable for Trading Member’s Default or Individual Investors’ Losses Facts The appeals arose from losses…
