Illegal Freezing of Demat Account of Doctor: Bombay HC directs SEBI, BSE and NSE to Compensate with Rs. 50 Lakhs within 2 Weeks [Read Order]

The case centred around the freezing of the Doctor’s Demat accounts, an action that the court found to be illegal and unjustified.
Illegal Freezing - Demat Account - Doctor - Bombay HC directs SEBI, BSE - NSE - TAXSCAN

The Bombay High Court recently directed the Securities and Exchange Board of India (SEBI), along with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), to pay a compensation of Rs. 50 lakhs to Dr. Mehta within two weeks for illegal freezing of his demat account. The case centred around the freezing of…

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