news Friday, July 24, 2015 - 05:30
While hearing the defamation case filed by the National Stock Exchange against Moneylife, the Bombay High Court told the body on Friday that it “cannot use defamation to gag the press”. According to a report in The Indian Express, a single-member bench of the HC was hearing on the matter. “How is it defamation when Ms Dalal sent you questions before publishing the article and you (NSE) chose not to respond to the query,” Justice Gautam Patel reportedly said while hearing the case. Virag Tulzapurkar, the senior counsel representing the NSE had contended that the article published by the magazine was defamatory and said that it should not be re-published. Close to a month ago, the website had reported that a few investors had rigged the NSE’s algorithm and it had caused losses to many investors. On July 21, the NSE filed a Rs 100 crore suit against Moneylife. On Friday, the HC asked both parties to submit their replies and rejoinders in the case and said that a hearing of the case will take place on August 24. Moneylife has agreed to not re-publish the article until the matter is resolved. 

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