Bombay High Court Restrains SGX From Roll Out Of Nifty Derivatives

INSUBCONTINENT EXCLUSIVE:
The NSE had approached the high court on Tuesday seeking an injunction against SGX.Mumbai: While extending a temporary relief to the NSE,
Bombay High Court today extended stay on the launch of Nifty-based derivative products by NSE's Singaporean counterpart: Singapore
Exchange Ltd (SGX) till May 31
A vacation bench of Justice S J Kathawalla deferred the hearing on the dispute between the National Stock Exchange India Ltd (NSE) and the
week, Justice Kathawalla had passed an interim order restraining SGX from acting upon its circular issued on April 11 announcing the launch
an intellectual property right over the Nifty benchmark, the NSE sought that SGX be restrained from going ahead with the launch scheduled
are contracts between two or more parties whose value or prices are determined by the fluctuations of underlying financial assets such as
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