Karvy Captial Limited v. National Stock Exchange of India Ltd.
Case brief
What is this about?
NSE v. Karvy Realty India Ltd; Bombay HC Commercial Suit No. 98 of 2024; Interim Application No. 6774 of 2025 disposed as withdrawn — leave to transfer PMS business per SEBI Rules, SEBI approval revoked, liberty to refile on fresh approval; Interim Application No. 4376 of 2025; defendant No.2 territorial jurisdiction objection and revocation of leave under Order VII Rule 10 CPC; adjourned to 19 January 2026; bundle also lists Contempt Petition (L) No. 33865 of 2024 and Interim Applications Nos. 6770 and 8092 of 2025; coram Gauri Godse J.
What did the court decide?
Liberty to defendant No.3 to withdraw Interim Application No. 6774 of 2025 and to file a fresh application upon fresh SEBI approval; time granted to defendant No.2 to file an Order VII Rule 10 CPC application, with the matter adjourned to 19 January 2026. ¶54-55