MCX announced that the Hon’ble Bombay High Court has dismissed a criminal writ filed in 2017. The order, uploaded on July 4, 2026, also imposes a cost of ₹5,00,000 (Five Lakh Rupees) payable to the Bar Council of Maharashtra and Goa’s Advocate Academy and Research Centres. The company has filed a criminal writ regarding regulatory directions and an audit of its operations from 2003-2013.
Bombay High Court Ruling
MCX has received a significant legal update as the Hon’ble Bombay High Court has dismissed a criminal writ that was initially filed by the company in 2017. The court’s order, officially uploaded on July 4, 2026, mandates the company to pay a cost of ₹5,00,000 (Five Lakh Rupees). This amount is to be remitted to the Bar Council of Maharashtra and Goa’s Advocate Academy and Research Centres.
Background of the Case
The company’s action stemmed from erstwhile regulatory directions and an audit of its operations spanning the period from 2003 to 2013. This audit had identified certain findings concerning dealings with vendors. MCX has been actively pursuing the matter in the Bombay High Court, seeking the registration of FIRs and investigations by the police and Economic Offences Wing (EOW) against the entities and individuals implicated in these findings. The criminal writ was filed in response to these developments.
Order Details and Financial Impact
The court’s decision, dated June 29, 2026, formally dismissed the criminal writ no. 3926/2017. It is noteworthy that the company itself had filed this writ, and no specific violations or contraventions were alleged against MCX. Regarding the financial implications, MCX stated that it does not anticipate any significant financial impact beyond the imposed cost of ₹5 Lakh, although the company reserves the right to challenge the order.
Source: BSE
