Bombay HC refuses stay on MCX postal ballot

FTIL had also asked the court for a stay on the ballot which seeks to amend articles of MCX and forfeit the stake held by FTIL.

In a blow to Financial Technologies , the division bench of the Bombay High Court today denied FTIL the right to exercise its voting power in the postal ballot of MCX. FTIL had also asked the court for a stay on the ballot which seeks to amend articles of MCX and forfeit the stake held by FTIL.

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