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Equitable, not equal distribution of dues: Bombay HC on payout to NSEL small claimants File Photo Mumbai: Observing that equitable and equal are two different concepts, the Bombay high court on Monday quashed two orders passed by a special court that had ordered the Maharashtra government to equally distribute the amount recovered by selling the assets of accused in the NSEL scam. The HC has ordered the government to distribute the amounts of Rs 40 crore and Rs 35 crore to around 6,445 investors, who have investments between Rs 2 lakh and Rs 10 lakh. A bench of Justices Sambhaji Shinde and Manish Pitale said the special court erred in interpreting the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999, by ordering the equal distribution of Rs 35 crore to over 12,000 investors - the total number of those who were duped.

Manish pitaleSambhaji shindeUnion governmentJustices sambhaji shindeMaharashtra protectionFinancial establishmentsBlack lawBombay high courtNational spot exchange limited nselசம்பாஜி ஷிந்டேதொழிற்சங்கம் அரசுநீதிபதிகள் சம்பாஜி ஷிந்டேமகாராஷ்டிரா ப்ரொடெக்ஶந்நிதி நிறுவனங்கள்கருப்பு சட்டம்குண்டு உயர் நீதிமன்றம்