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Bombay HC Ruling on CDSL Liability by rahulddh is a document available to read on EtoBox.
The Bombay High Court ruled in favor of Daksha Narendra Bhavsar, ordering Central Depository Services (India) Limited (CDSL) to compensate her for losses incurred due to fraudulent acts by its Depository Participant, BRH Wealth Kreators. The court found that BRH acted as a DP when transferring shares, making CDSL liable under Section 16 of the Depositories Act, 1996, regardless of its knowledge of the fraud. This judgment strengthens investor protection and clarifies the liability of depositories for the mi
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- rahulddh
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- EN